Just Energy Group Inc. (JE) Stock Price Down 1.3%
Just Energy Group Inc. (NYSE:JE) dropped 1.3% on Wednesday . The stock traded as low as $5.28 and last traded at $5.32, with a volume of 62,101 shares. The stock had previously closed at $5.39.
JE has been the topic of several recent research reports. FBR & Co restated an “outperform” rating and set a $8.00 price target on shares of Just Energy Group in a report on Thursday, July 7th. TD Securities restated a “hold” rating and set a $8.50 price target on shares of Just Energy Group in a report on Saturday, August 13th. Finally, Zacks Investment Research downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.61.
The firm has a market capitalization of $786.16 million, a price-to-earnings ratio of 2.53 and a beta of 1.35. The stock has a 50-day moving average of $5.60 and a 200-day moving average of $6.01.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.0961 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Tuesday, September 13th. Just Energy Group’s payout ratio is currently 23.46%.
A number of hedge funds and other institutional investors have recently modified their holdings of JE. Cubist Systematic Strategies LLC purchased a new position in shares of Just Energy Group during the second quarter worth $105,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Just Energy Group during the second quarter worth $124,000. Acrospire Investment Management LLC boosted 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 during the last quarter. Creative Planning boosted 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 during the last quarter. Hedge funds and other institutional investors own 27.60% of the company’s stock.
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.
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