Zacks Investment Research upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a strong sell rating to a hold rating in a research report report published on Thursday morning, 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 topic of several other reports. Royal Bank of Canada reaffirmed a hold rating on shares of Just Energy Group in a research report on Friday, August 16th. ValuEngine raised Just Energy Group from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Canaccord Genuity lowered Just Energy Group from a buy rating to a hold rating in a research report on Tuesday, October 8th. CIBC raised Just Energy Group from an underperform rating to a hold rating in a research report on Thursday, August 22nd. Finally, B. Riley set a $6.00 price objective on Just Energy Group and gave the company a buy rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $5.75.

JE stock traded up $0.04 during mid-day trading on Thursday, hitting $2.37. The stock had a trading volume of 538,851 shares, compared to its average volume of 2,024,313. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 22.52. Just Energy Group has a 1-year low of $1.08 and a 1-year high of $4.42. The company has a fifty day moving average of $1.76 and a 200 day moving average of $3.06. The stock has a market capitalization of $352.71 million, a price-to-earnings ratio of 19.75 and a beta of 1.22.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative return on equity of 325.10% and a negative net margin of 9.76%. The firm had revenue of $670.17 million during the quarter, compared to analyst estimates of $911.86 million. During the same period in the previous year, the company earned ($0.45) earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Just Energy Group will post -1.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of JE. Susquehanna Fundamental Investments LLC bought a new position in Just Energy Group during the second quarter worth about $46,000. Susquehanna International Group LLP lifted its holdings in Just Energy Group by 172.9% during the second quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 17,727 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in Just Energy Group by 4.9% during the second quarter. Advisors Capital Management LLC now owns 2,482,844 shares of the utilities provider’s stock worth $10,676,000 after acquiring an additional 116,852 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Just Energy Group by 68.2% during the second quarter. UBS Asset Management Americas Inc. now owns 87,547 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 35,500 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Just Energy Group by 36.9% during the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after acquiring an additional 5,985 shares in the last quarter. 28.94% of the stock is currently owned by institutional investors and hedge funds.

About Just Energy Group

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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