Just Energy Group Inc. (JE) Trading Up 3.9%
Just Energy Group Inc. (NYSE:JE) was up 3.9% on Tuesday . The stock traded as high as $5.40 and last traded at $5.39, with a volume of 65,488 shares trading hands. The stock had previously closed at $5.19.
Several equities research analysts have recently weighed in on JE shares. Rodman & Renshaw reissued a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a research note on Monday, May 23rd. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Tuesday, May 24th. FBR & Co reaffirmed an “outperform” rating and set a $8.00 target price on shares of Just Energy Group in a research note on Thursday, July 7th. Finally, TD Securities reaffirmed a “hold” rating and set a $8.50 target price on shares of Just Energy Group in a research note on Saturday, August 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.61.
The stock has a market cap of $796.50 million, a price-to-earnings ratio of 2.56 and a beta of 1.35. The stock has a 50-day moving average of $5.64 and a 200 day moving average of $6.02.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.0961 per share. This represents a $0.38 annualized dividend and a yield of 7.41%. The ex-dividend date is Tuesday, September 13th. Just Energy Group’s dividend payout ratio (DPR) is currently 23.46%.
Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in Just Energy Group during the second quarter worth $105,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Just Energy Group during the second quarter worth about $124,000. Acrospire Investment Management LLC increased its position in shares of Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock worth $151,000 after buying an additional 11,978 shares in the last quarter. Creative Planning increased its position in shares of Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock worth $160,000 after buying an additional 1,350 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Just Energy Group by 662.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,392 shares of the company’s stock worth $165,000 after buying an additional 23,800 shares in the last quarter. 27.84% of the stock is owned by institutional investors.
Just Energy Group Company Profile
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.
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