Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “

JE has been the subject of a number of other research reports. B. Riley set a $6.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, May 17th. ValuEngine cut Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 17th. HC Wainwright set a $7.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, May 17th. National Bank Financial restated a “hold” rating on shares of Just Energy Group in a research note on Friday, March 22nd. Finally, CIBC set a $5.00 target price on Just Energy Group and gave the company a “hold” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.75.

NYSE JE opened at $4.25 on Friday. Just Energy Group has a fifty-two week low of $2.80 and a fifty-two week high of $4.34. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $635.80 million, a price-to-earnings ratio of 35.42 and a beta of 0.69.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Thursday, May 16th. The utilities provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $770.37 million during the quarter, compared to analysts’ expectations of $788.43 million. Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%. As a group, research analysts expect that Just Energy Group will post 0.43 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Just Energy Group by 0.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,378,437 shares of the utilities provider’s stock worth $28,410,000 after purchasing an additional 37,557 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Just Energy Group by 5.8% in the 1st quarter. TD Asset Management Inc. now owns 4,455,040 shares of the utilities provider’s stock worth $15,106,000 after purchasing an additional 245,500 shares in the last quarter. Morgan Stanley increased its holdings in shares of Just Energy Group by 43.1% in the 3rd quarter. Morgan Stanley now owns 2,073,164 shares of the utilities provider’s stock worth $6,427,000 after purchasing an additional 624,612 shares in the last quarter. Norges Bank bought a new stake in shares of Just Energy Group in the 4th quarter worth $4,289,000. Finally, Man Group plc increased its holdings in shares of Just Energy Group by 5.2% in the 1st quarter. Man Group plc now owns 975,253 shares of the utilities provider’s stock worth $3,307,000 after purchasing an additional 48,600 shares in the last quarter. Institutional investors and hedge funds own 28.26% of the company’s stock.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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