Just Energy Group, Inc. (NYSE:JE) (TSE:JE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “

Several other analysts have also recently issued reports on the stock. FBR & Co reiterated a “buy” rating and issued a $7.50 target price on shares of Just Energy Group in a research note on Wednesday, June 14th. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, HC Wainwright set a $10.00 target price on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $8.29.

Shares of Just Energy Group (NYSE JE) traded up 1.04% on Wednesday, reaching $5.85. 181,780 shares of the company were exchanged. The stock has a market capitalization of $858.73 million, a PE ratio of 15.27 and a beta of 1.05. Just Energy Group has a 12-month low of $4.83 and a 12-month high of $6.35. The firm has a 50 day moving average price of $5.72 and a 200-day moving average price of $5.63.

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Several institutional investors have recently bought and sold shares of JE. Wells Fargo & Company MN raised its position in shares of Just Energy Group by 86.2% during the 1st quarter. Wells Fargo & Company MN now owns 32,982 shares of the utilities provider’s stock valued at $206,000 after buying an additional 15,273 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Just Energy Group during the 1st quarter valued at $166,000. JPMorgan Chase & Co. purchased a new stake in shares of Just Energy Group during the 1st quarter valued at $174,000. Schroder Investment Management Group raised its position in shares of Just Energy Group by 16.1% during the 1st quarter. Schroder Investment Management Group now owns 40,438 shares of the utilities provider’s stock valued at $340,000 after buying an additional 5,603 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Just Energy Group during the 1st quarter valued at $5,687,000. Hedge funds and other institutional investors own 29.19% 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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