TD Securities upgraded shares of Just Energy Group Inc. (NYSE:JE) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. TD Securities currently has $9.50 target price on the stock, up from their prior target price of $8.50.

JE has been the subject of a number of other reports. FBR & Co reissued a buy rating on shares of Just Energy Group in a report on Saturday, September 17th. Zacks Investment Research downgraded shares of Just Energy Group from a buy rating to a hold rating in a report on Tuesday, September 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $8.63.

Just Energy Group (NYSE:JE) traded down 0.95% on Wednesday, hitting $5.19. 48,675 shares of the company were exchanged. The stock has a market cap of $766.95 million, a PE ratio of 2.48 and a beta of 1.36. The firm has a 50 day moving average of $5.28 and a 200-day moving average of $5.91. Just Energy Group has a 52-week low of $4.86 and a 52-week high of $7.54.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.0961 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.34%. Just Energy Group’s dividend payout ratio is 23.46%.

Institutional investors have recently modified their holdings of the stock. Traynor Capital Management Inc. increased its position in shares of Just Energy Group by 3.2% in the second quarter. Traynor Capital Management Inc. now owns 31,937 shares of the company’s stock worth $195,000 after buying an additional 989 shares in the last quarter. Creative Planning increased its position 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 in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Just Energy Group by 2.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 346,600 shares of the company’s stock worth $2,717,000 after buying an additional 8,100 shares in the last quarter. Acrospire Investment Management LLC increased its position 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 in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Just Energy Group during the second quarter worth $105,000. Institutional investors own 27.60% of the company’s stock.

Just Energy Group Company Profile

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.

5 Day Chart for NYSE:JE

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