Just Energy Group, Inc. (JE) Given Average Rating of “Buy” by Brokerages
Just Energy Group, Inc. (NYSE:JE) (TSE:JE) has been given an average rating of “Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.10.
Several equities analysts have commented on the company. FBR & Co set a $8.00 price target on Just Energy Group and gave the company a “buy” rating in a report on Saturday, May 20th. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Wednesday, July 12th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Just Energy Group in a report on Wednesday, May 24th. ValuEngine cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th.
Just Energy Group (NYSE:JE) traded up 0.18% during midday trading on Tuesday, reaching $5.44. The company’s stock had a trading volume of 99,405 shares. Just Energy Group has a 52 week low of $4.83 and a 52 week high of $6.35. The stock has a 50 day moving average of $5.39 and a 200 day moving average of $5.73. The firm has a market capitalization of $799.75 million, a PE ratio of 2.92 and a beta of 1.05.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.11. The business had revenue of $715.64 million for the quarter, compared to the consensus estimate of $815.35 million. Just Energy Group had a net margin of 12.37% and a negative return on equity of 84.39%. On average, equities research analysts predict that Just Energy Group will post $0.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a dividend of $0.093 per share. This represents a $0.37 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Tuesday, June 13th. Just Energy Group’s payout ratio is currently 23.57%.
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A number of institutional investors have recently bought and sold shares of JE. Norges Bank acquired a new position in Just Energy Group during the fourth quarter worth approximately $20,814,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Just Energy Group during the first quarter worth about $5,687,000. Acadian Asset Management LLC boosted its stake in shares of Just Energy Group by 11.8% in the first quarter. Acadian Asset Management LLC now owns 3,467,727 shares of the utilities provider’s stock worth $21,714,000 after buying an additional 364,729 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Just Energy Group during the first quarter worth about $1,769,000. Finally, Mckinley Capital Management LLC Delaware boosted its stake in shares of Just Energy Group by 221.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 306,859 shares of the utilities provider’s stock worth $2,562,000 after buying an additional 211,489 shares in the last quarter. Institutional investors and hedge funds own 29.22% of the company’s stock.
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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