Just Energy Group, Inc. (NYSE:JE) (TSE:JE) has received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.19.

A number of equities analysts recently weighed in on JE shares. Zacks Investment Research lowered shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.25 target price on shares of Just Energy Group in a research note on Monday, October 16th. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. 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.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Shell Asset Management Co. lifted its position in Just Energy Group by 217.4% during the 3rd quarter. Shell Asset Management Co. now owns 33,174 shares of the utilities provider’s stock worth $173,000 after buying an additional 22,723 shares in the last quarter. Scotia Capital Inc. lifted its position in Just Energy Group by 21.5% during the 2nd quarter. Scotia Capital Inc. now owns 436,520 shares of the utilities provider’s stock worth $2,286,000 after buying an additional 77,159 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Just Energy Group by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock worth $447,000 after buying an additional 1,585 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Just Energy Group during the 2nd quarter worth about $4,414,000. Finally, Virtu KCG Holdings LLC bought a new stake in Just Energy Group during the 2nd quarter worth about $146,000. 29.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Just Energy Group (NYSE JE) traded down 0.72% during mid-day trading on Thursday, hitting $5.55. The company had a trading volume of 59,436 shares. The firm’s 50-day moving average price is $5.75 and its 200 day moving average price is $5.60. Just Energy Group has a one year low of $4.83 and a one year high of $6.35. The company has a market capitalization of $814.70 million, a P/E ratio of 14.49 and a beta of 1.05.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.0999 dividend. The ex-dividend date was Thursday, September 14th. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 7.15%. Just Energy Group’s dividend payout ratio is presently 800.00%.

TRADEMARK VIOLATION WARNING: “Just Energy Group, Inc. (JE) Given Consensus Rating of “Buy” by Brokerages” was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/26/just-energy-group-inc-je-given-consensus-rating-of-buy-by-brokerages-2.html.

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.

Receive News & Ratings for Just Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.