Just Energy Group (JE) Downgraded to “Neutral” at CIBC

Just Energy Group (NYSE:JE) (TSE:JE) was downgraded by CIBC from a “sector outperform” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

JE has been the subject of several other research reports. B. Riley set a $6.00 price objective on Just Energy Group and gave the company a “buy” rating in a report on Friday, May 18th. Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating and set a $3.86 price objective for the company. in a report on Thursday, May 17th. Zacks Investment Research cut Just Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine cut Just Energy Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, HC Wainwright set a $10.00 price objective on Just Energy Group and gave the company a “buy” rating in a report on Friday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Just Energy Group currently has a consensus rating of “Hold” and a consensus price target of $5.72.

Shares of NYSE JE traded down $0.13 during mid-day trading on Friday, hitting $3.44. The company had a trading volume of 16,242 shares, compared to its average volume of 180,106. The stock has a market capitalization of $582.69 million, a price-to-earnings ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.25 and a quick ratio of 1.23. Just Energy Group has a one year low of $3.48 and a one year high of $5.91.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings data on Wednesday, May 16th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $802.97 million during the quarter, compared to analysts’ expectations of $839.07 million. Just Energy Group had a negative return on equity of 714.71% and a net margin of 14.01%. sell-side analysts expect that Just Energy Group will post 0.53 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Just Energy Group during the second quarter worth about $6,252,000. Schroder Investment Management Group grew its holdings in Just Energy Group by 60.6% during the first quarter. Schroder Investment Management Group now owns 93,914 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 35,449 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Just Energy Group during the first quarter worth about $123,000. Intact Investment Management Inc. grew its holdings in Just Energy Group by 26.6% during the second quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock worth $6,068,000 after purchasing an additional 269,900 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Just Energy Group during the first quarter worth about $116,000. Institutional investors and hedge funds own 26.12% of the company’s stock.

About Just Energy Group

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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