Just Energy Group Inc (JE) Announces Quarterly Dividend of $0.13
Just Energy Group Inc (TSE:JE) (NYSE:JE) announced a quarterly dividend on Thursday, September 14th, TickerTech reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.125 per share on Friday, September 29th. This represents a $0.50 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Just Energy Group (TSE:JE) traded down 0.56% during mid-day trading on Friday, hitting $7.04. 161,323 shares of the stock traded hands. The firm has a 50 day moving average of $6.89 and a 200 day moving average of $7.45. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 15.14. Just Energy Group has a 12 month low of $6.31 and a 12 month high of $8.62.
A number of brokerages recently issued reports on JE. TD Securities downgraded shares of Just Energy Group from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from C$11.00 to C$9.50 in a report on Saturday, May 20th. FBR & Co reissued an “outperform” rating on shares of Just Energy Group in a report on Friday, May 19th. Royal Bank Of Canada lowered their price target on shares of Just Energy Group from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Friday, May 19th. Canaccord Genuity reissued a “buy” rating on shares of Just Energy Group in a report on Friday, May 19th. Finally, HC Wainwright reissued a “buy” rating on shares of Just Energy Group in a report on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$8.17.
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In other Just Energy Group news, insider Ron Joyce sold 94,900 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of C$7.06, for a total transaction of C$669,994.00. Insiders have sold 233,443 shares of company stock worth $1,638,597 over the last three months.
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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