Just Energy Group Inc. (NYSE:JE) Receives $9.10 Average Price Target from Analysts
Shares of Just Energy Group Inc. (NYSE:JE) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.10.
JE has been the topic of a number of research reports. TD Securities restated a “hold” rating and set a $8.50 price target on shares of Just Energy Group in a research note on Saturday, August 13th. Zacks Investment Research lowered Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Just Energy Group in a research report on Thursday, July 7th.
Just Energy Group (NYSE:JE) opened at 5.16 on Monday. Just Energy Group has a 12-month low of $4.98 and a 12-month high of $7.54. The firm’s 50-day moving average price is $5.48 and its 200 day moving average price is $5.98. The stock has a market capitalization of $762.51 million, a P/E ratio of 2.46 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.0961 dividend. This represents a $0.38 annualized dividend and a yield of 7.45%. The ex-dividend date is Tuesday, September 13th. Just Energy Group’s dividend payout ratio (DPR) is presently 23.46%.
A number of institutional investors have recently bought and sold shares of JE. Credit Agricole S A acquired a new position in Just Energy Group during the first quarter valued at approximately $191,000. UBS Group AG raised its position in Just Energy Group by 21.4% in the first quarter. UBS Group AG now owns 176,826 shares of the company’s stock valued at $1,051,000 after buying an additional 31,144 shares during the period. Creative Planning raised its position in Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock valued at $160,000 after buying an additional 1,350 shares during the period. CIBC World Markets Inc. raised its position in Just Energy Group by 101.8% in the second quarter. CIBC World Markets Inc. now owns 636,956 shares of the company’s stock valued at $3,873,000 after buying an additional 321,290 shares during the period. Finally, Bank of Montreal Can acquired a new position in Just Energy Group during the second quarter valued at approximately $27,333,000. 27.60% of the stock is currently owned by hedge funds and other institutional investors.
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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