TD Securities lowered shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat.com reports.

Several other equities analysts have also issued reports on JE. Zacks Investment Research lowered shares of Just Energy Group from a buy rating to a hold rating in a report on Thursday, July 20th. ValuEngine raised shares of Just Energy Group from a hold rating to a buy rating in a report on Tuesday, August 1st. HC Wainwright set a $10.00 price target on shares of Just Energy Group and gave the stock a buy rating in a report on Friday, August 11th. BidaskClub raised shares of Just Energy Group from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $7.25 price target on shares of Just Energy Group in a report on Monday, October 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $7.63.

Just Energy Group (NYSE:JE) traded down $0.33 during midday trading on Friday, reaching $4.68. 540,100 shares of the company’s stock traded hands, compared to its average volume of 152,034. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of -7.46. Just Energy Group has a fifty-two week low of $4.64 and a fifty-two week high of $6.35. The stock has a market capitalization of $687.27, a price-to-earnings ratio of 4.46 and a beta of 1.03.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. grew its holdings in shares of Just Energy Group by 2.0% during the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after buying an additional 107,600 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Just Energy Group by 7.1% during the second quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock valued at $19,447,000 after buying an additional 246,280 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Just Energy Group by 5.8% during the second quarter. Bank of Montreal Can now owns 2,703,926 shares of the utilities provider’s stock valued at $14,169,000 after buying an additional 148,637 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Just Energy Group by 2.9% during the first quarter. Vanguard Group Inc. now owns 2,559,218 shares of the utilities provider’s stock valued at $16,020,000 after buying an additional 72,823 shares during the last quarter. Finally, Intact Investment Management Inc. grew its holdings in shares of Just Energy Group by 7.1% during the second quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock valued at $16,050,000 after buying an additional 157,100 shares during the last quarter. 28.66% 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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