Just Energy Group Inc (NYSE:JE) (TSE:JE) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.45.

Several analysts recently weighed in on JE shares. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. cut their price target on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. B. Riley set a $6.25 price target on shares of Just Energy Group and gave the company a “buy” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Just Energy Group in a research report on Friday, November 10th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Just Energy Group by 249.3% during the second quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock valued at $507,000 after purchasing an additional 69,123 shares during the period. Intact Investment Management Inc. raised its holdings in shares of Just Energy Group by 7.1% during the second quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock valued at $16,050,000 after purchasing an additional 157,100 shares during the period. TD Asset Management Inc. raised its holdings in shares of Just Energy Group by 2.0% during the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after purchasing an additional 107,600 shares during the period. Vanguard Group Inc. raised its holdings in shares of Just Energy Group by 2.9% during the first quarter. Vanguard Group Inc. now owns 2,559,218 shares of the utilities provider’s stock valued at $16,020,000 after purchasing an additional 72,823 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of Just Energy Group during the third quarter valued at about $349,000. 29.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Just Energy Group (NYSE:JE) traded up $0.05 during trading on Friday, hitting $4.12. 372,100 shares of the company traded hands, compared to its average volume of 157,315. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of -7.46. Just Energy Group has a one year low of $4.06 and a one year high of $6.35. The company has a market capitalization of $612.38, a PE ratio of 3.97 and a beta of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.0982 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.39 dividend on an annualized basis and a yield of 9.53%. Just Energy Group’s dividend payout ratio (DPR) is currently 74.07%.

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About Just Energy Group

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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