Zacks Investment Research downgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

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. “

A number of other brokerages have also weighed in on JE. ValuEngine lowered Just Energy Group from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Canaccord Genuity lowered Just Energy Group from a buy rating to a hold rating and set a $3.86 target price for the company. in a research report on Thursday, May 17th. B. Riley set a $6.00 target price on Just Energy Group and gave the stock a buy rating in a research report on Friday, May 18th. HC Wainwright set a $10.00 target price on Just Energy Group and gave the stock a buy rating in a research report on Friday, May 18th. Finally, CIBC lowered Just Energy Group from a sector outperform rating to a neutral rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $5.72.

Shares of NYSE:JE opened at $3.08 on Tuesday. Just Energy Group has a fifty-two week low of $3.03 and a fifty-two week high of $5.91. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $491.78 million, a price-to-earnings ratio of 2.58 and a beta of 0.54.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its earnings results on Wednesday, May 16th. The utilities provider reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Just Energy Group had a negative return on equity of 745.08% and a net margin of 9.98%. The business had revenue of $802.97 million during the quarter, compared to analyst estimates of $839.07 million. sell-side analysts forecast that Just Energy Group will post 0.53 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in Just Energy Group in the 1st quarter worth about $109,000. Hsbc Holdings PLC purchased a new stake in shares of Just Energy Group during the 1st quarter valued at about $116,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Just Energy Group during the 1st quarter valued at about $123,000. ClariVest Asset Management LLC purchased a new stake in shares of Just Energy Group during the 1st quarter valued at about $239,000. Finally, CLARET ASSET MANAGEMENT Corp increased its position in shares of Just Energy Group by 43.0% during the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 55,143 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 16,585 shares during the last quarter. 24.85% of the stock is 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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