Renaissance Technologies LLC trimmed its position in Just Energy Group Inc (NYSE:JE) (TSE:JE) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,682,000 shares of the utilities provider’s stock after selling 98,600 shares during the quarter. Renaissance Technologies LLC owned 1.13% of Just Energy Group worth $6,089,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in Just Energy Group during the first quarter worth $109,000. Hsbc Holdings PLC acquired a new position in Just Energy Group during the first quarter worth $116,000. Susquehanna Fundamental Investments LLC acquired a new position in Just Energy Group during the first quarter worth $123,000. CIBC World Markets Inc. raised its stake in Just Energy Group by 17.6% during the second quarter. CIBC World Markets Inc. now owns 190,664 shares of the utilities provider’s stock worth $690,000 after acquiring an additional 28,506 shares in the last quarter. Finally, Element Capital Management LLC acquired a new position in Just Energy Group during the first quarter worth $307,000. Institutional investors and hedge funds own 23.69% of the company’s stock.
Shares of JE stock opened at $3.12 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 3.10. The firm has a market cap of $462.68 million, a PE ratio of 2.64 and a beta of 0.30. Just Energy Group Inc has a 52 week low of $2.80 and a 52 week high of $5.91.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $679.25 million for the quarter, compared to the consensus estimate of $708.65 million. Just Energy Group had a return on equity of 1,815.36% and a net margin of 9.98%. As a group, equities analysts predict that Just Energy Group Inc will post 0.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Saturday, September 15th were issued a dividend of $0.096 per share. This represents a $0.38 annualized dividend and a dividend yield of 12.31%. The ex-dividend date of this dividend was Thursday, September 13th. Just Energy Group’s payout ratio is presently 32.20%.
JE has been the subject of several recent analyst reports. B. Riley set a $6.00 price objective on Just Energy Group and gave the stock a “buy” rating in a research note on Monday, September 24th. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Just Energy Group in a research note on Friday, September 14th. CIBC lowered Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research note on Friday, August 10th. National Bank Financial lowered Just Energy Group from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 21st. Finally, Zacks Investment Research lowered Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.72.
Just Energy Group Profile
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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