Just Energy Group, Inc. (NYSE:JE) (TSE:JE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, August 1st.
Several other equities analysts have also recently issued reports on JE. FBR & Co set a $8.00 target price on shares of Just Energy Group and gave the company a “buy” rating in a research note on Saturday, May 20th. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Just Energy Group in a research note on Wednesday, May 24th. Zacks Investment Research cut shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Canaccord Genuity cut shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Just Energy Group currently has an average rating of “Buy” and an average target price of $8.29.
Just Energy Group (NYSE JE) traded up 1.63% during midday trading on Tuesday, hitting $5.60. 219,066 shares of the company were exchanged. The stock has a 50 day moving average of $5.27 and a 200-day moving average of $5.68. The stock has a market capitalization of $822.04 million, a price-to-earnings ratio of 15.30 and a beta of 1.05. Just Energy Group has a 1-year low of $4.83 and a 1-year high of $6.35.
Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.11. Just Energy Group had a net margin of 2.18% and a negative return on equity of 117.41%. The firm had revenue of $715.64 million during the quarter, compared to analyst estimates of $815.35 million. Equities analysts expect that Just Energy Group will post $0.78 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC boosted its stake in shares of Just Energy Group by 29.3% in the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after buying an additional 4,994 shares during the period. Guggenheim Capital LLC acquired a new stake in shares of Just Energy Group during the fourth quarter worth approximately $124,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of Just Energy Group by 45.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 20,103 shares of the utilities provider’s stock worth $126,000 after buying an additional 6,323 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Just Energy Group by 289.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,748 shares of the utilities provider’s stock worth $136,000 after buying an additional 16,166 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Just Energy Group during the second quarter worth approximately $146,000. Institutional investors own 29.43% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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