Analysts Set Just Energy Group, Inc. (NYSE:JE) Target Price at $8.10

Shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) have earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.75.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday. FBR & Co restated a “buy” rating and issued a $7.50 price target on shares of Just Energy Group in a research note on Wednesday, June 14th. ValuEngine lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a research note on Wednesday, May 24th. Finally, Canaccord Genuity lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th.

Shares of Just Energy Group (JE) traded down 1.85% on Tuesday, hitting $5.30. 76,229 shares of the stock traded hands. The firm has a market cap of $779.17 million, a P/E ratio of 2.76 and a beta of 1.05. The firm’s 50-day moving average is $5.23 and its 200 day moving average is $5.71. Just Energy Group has a 12-month low of $4.83 and a 12-month high of $6.35.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings results on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $715.64 million during the quarter, compared to the consensus estimate of $815.35 million. Just Energy Group had a negative return on equity of 84.39% and a net margin of 12.37%. Equities research analysts forecast that Just Energy Group will post $0.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a $0.093 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Tuesday, June 13th. Just Energy Group’s dividend payout ratio is presently 23.57%.

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Institutional investors have recently added to or reduced their stakes in the company. Nine Chapters Capital Management LLC purchased a new position in shares of Just Energy Group during the first quarter valued at about $177,000. Campbell & CO Investment Adviser LLC increased its position 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 during the period. CIBC World Markets Inc. increased its position in shares of Just Energy Group by 82.2% in the first quarter. CIBC World Markets Inc. now owns 281,521 shares of the utilities provider’s stock valued at $1,762,000 after buying an additional 127,039 shares during the period. Parametric Portfolio Associates LLC purchased a new position in shares of Just Energy Group during the first quarter valued at about $166,000. Finally, TD Asset Management Inc. increased its position in shares of Just Energy Group by 2.2% in the first quarter. TD Asset Management Inc. now owns 5,148,334 shares of the utilities provider’s stock valued at $32,234,000 after buying an additional 109,700 shares during the period. 29.22% of the stock is owned by hedge funds and other institutional investors.

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.