Just Energy Group, Inc. (JE) Receives Consensus Rating of “Buy” from Brokerages
Shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) have earned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.75.
Several brokerages recently weighed in on JE. Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Zacks Investment Research downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. FBR & Co set a $8.00 target price on Just Energy Group and gave the company a “buy” rating in a report on Saturday, May 20th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Just Energy Group in a report on Wednesday, May 24th. Finally, ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st.
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A number of large investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC increased its stake in shares of Just Energy Group by 45.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 20,103 shares of the utilities provider’s stock valued at $126,000 after buying an additional 6,323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Just Energy Group by 289.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,748 shares of the utilities provider’s stock valued at $136,000 after buying an additional 16,166 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Just Energy Group by 29.3% in the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after buying an additional 4,994 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Just Energy Group during the fourth quarter valued at about $124,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Just Energy Group during the first quarter valued at about $166,000. 29.41% of the stock is owned by hedge funds and other institutional investors.
Just Energy Group (JE) traded down 0.58% on Friday, hitting $5.14. The stock had a trading volume of 202,965 shares. The stock has a 50-day moving average of $5.25 and a 200-day moving average of $5.69. The company has a market cap of $755.90 million, a PE ratio of 13.97 and a beta of 1.05. Just Energy Group has a one year low of $4.83 and a one year high of $6.35.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.11. Just Energy Group had a net margin of 2.18% and a negative return on equity of 96.22%. The firm had revenue of $715.64 million for the quarter, compared to the consensus estimate of $815.35 million. Equities analysts expect that Just Energy Group will post $0.47 earnings per share for the current fiscal year.
Just Energy Group Company Profile
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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