TD Asset Management Inc. Has $26,845,000 Position in Just Energy Group Inc. (JE)
TD Asset Management Inc. lowered its stake in shares of Just Energy Group Inc. (NYSE:JE) (TSE:JE) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,305,489 shares of the company’s stock after selling 64,700 shares during the period. TD Asset Management Inc. owned approximately 3.59% of Just Energy Group worth $26,845,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Just Energy Group during the second quarter valued at approximately $27,333,000. AGF Investments Inc. acquired a new position in shares of Just Energy Group during the second quarter valued at about $5,738,000. Numeric Investors LLC acquired a new position in shares of Just Energy Group during the second quarter valued at about $2,256,000. CIBC World Markets Inc. raised its position in shares of 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 last quarter. Finally, James Investment Research Inc. acquired a new position in shares of Just Energy Group during the third quarter valued at about $1,589,000. 28.20% of the stock is owned by institutional investors and hedge funds.
Just Energy Group Inc. (NYSE:JE) traded up 0.73% during mid-day trading on Wednesday, reaching $5.53. 26,775 shares of the company’s stock were exchanged. The firm has a market capitalization of $817.29 million, a P/E ratio of 3.48 and a beta of 1.32. Just Energy Group Inc. has a one year low of $4.86 and a one year high of $7.38. The company’s 50-day moving average is $5.24 and its 200 day moving average is $5.71.
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Several research analysts recently issued reports on the stock. FBR & Co reiterated a “buy” rating on shares of Just Energy Group in a research note on Saturday, September 17th. RBC Capital Markets reiterated a “sector perform” rating and issued a $8.00 price target (down from $8.50) on shares of Just Energy Group in a research note on Friday, November 11th. Canaccord Genuity assumed coverage on shares of Just Energy Group in a research note on Monday, November 14th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. Finally, TD Securities reiterated a “hold” rating and issued a $8.50 price target on shares of Just Energy Group in a research note on Saturday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.54.
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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