AGF Investments Inc. decreased its stake in shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 978,350 shares of the utilities provider’s stock after selling 87,368 shares during the quarter. AGF Investments Inc.’s holdings in Just Energy Group were worth $4,203,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JE. Sii Investments Inc. WI bought a new position in Just Energy Group during the third quarter valued at $113,000. Virtu KCG Holdings LLC bought a new position in Just Energy Group during the second quarter valued at $146,000. Cubist Systematic Strategies LLC bought a new position in Just Energy Group during the third quarter valued at $153,000. Parametric Portfolio Associates LLC lifted its position in Just Energy Group by 15.3% during the second quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 4,039 shares during the last quarter. Finally, Shell Asset Management Co. lifted its position in Just Energy Group by 217.4% during the third quarter. Shell Asset Management Co. now owns 33,174 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 22,723 shares during the last quarter. Institutional investors and hedge funds own 28.28% of the company’s stock.

Several equities analysts have commented on the stock. Canaccord Genuity upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. HC Wainwright set a $10.00 price objective on shares of Just Energy Group and gave the company a “buy” rating in a research report on Friday, February 9th. ValuEngine lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, December 18th. Finally, CIBC raised shares of Just Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $7.13.

Shares of Just Energy Group Inc (NYSE:JE) opened at $4.93 on Thursday. Just Energy Group Inc has a 12 month low of $3.86 and a 12 month high of $6.35. The firm has a market cap of $741.85, a price-to-earnings ratio of 4.24 and a beta of 0.86. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of -4.35.

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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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Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

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