Just Energy Group, Inc. (JE) Stake Reduced by UBS Group AG

UBS Group AG lowered its stake in shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,081 shares of the utilities provider’s stock after selling 3,458 shares during the period. UBS Group AG’s holdings in Just Energy Group were worth $382,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Traynor Capital Management Inc. increased its position in shares of Just Energy Group by 1.5% in the first quarter. Traynor Capital Management Inc. now owns 33,592 shares of the utilities provider’s stock valued at $204,000 after buying an additional 498 shares during the period. Schroder Investment Management Group increased its position in shares of Just Energy Group by 16.1% in the first 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 during the period. Campbell & CO Investment Adviser LLC increased its position 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 valued at $126,000 after buying an additional 6,323 shares during the period. Wells Fargo & Company MN increased its position in shares of Just Energy Group by 86.2% in the first 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $136,000 after buying an additional 16,166 shares during the last quarter. Institutional investors own 29.43% of the company’s stock.

Just Energy Group, Inc. (NYSE:JE) opened at 5.60 on Friday. The company has a 50-day moving average price of $5.27 and a 200 day moving average price of $5.68. Just Energy Group, Inc. has a 12 month low of $4.83 and a 12 month high of $6.35. The company has a market capitalization of $822.04 million, a PE ratio of 15.30 and a beta of 1.05.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.11. Just Energy Group had a negative return on equity of 117.41% and a net margin of 2.18%. The company had revenue of $715.64 million for the quarter, compared to the consensus estimate of $815.35 million. On average, equities research analysts forecast that Just Energy Group, Inc. will post $0.78 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. FBR & Co set a $8.00 price objective on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Saturday, May 20th. Zacks Investment Research upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Tuesday. HC Wainwright set a $10.00 price objective on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Canaccord Genuity downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.29.

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.

Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

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