TD Securities upgraded shares of Just Energy Group Inc. (NYSE:JE) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $9.50 target price on the stock, up from their previous target price of $8.50.
Other equities analysts have also issued research reports about the company. FBR & Co reiterated a buy rating on shares of Just Energy Group in a research report on Saturday, September 17th. Zacks Investment Research lowered Just Energy Group from a buy rating to a hold rating in a research report on Tuesday, September 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $8.63.
Shares of Just Energy Group (NYSE:JE) opened at 5.34 on Wednesday. Just Energy Group has a 52-week low of $4.86 and a 52-week high of $7.54. The firm has a market cap of $789.11 million, a P/E ratio of 2.55 and a beta of 1.36. The company’s 50-day moving average is $5.26 and its 200-day moving average is $5.90.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.0961 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 7.20%. Just Energy Group’s payout ratio is presently 23.46%.
A number of large investors have recently made changes to their positions in JE. Cubist Systematic Strategies LLC acquired a new stake in shares of Just Energy Group during the second quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Just Energy Group during the second quarter worth approximately $124,000. Acrospire Investment Management LLC raised its stake in shares of Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock worth $151,000 after buying an additional 11,978 shares during the last quarter. Creative Planning raised its stake in shares of Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock worth $160,000 after buying an additional 1,350 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Just Energy Group by 662.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,392 shares of the company’s stock worth $165,000 after buying an additional 23,800 shares during the last quarter. Hedge funds and other institutional investors own 27.60% 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.
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