Just Energy Group, Inc. (NYSE:JE) (TSE:JE) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three research 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 brokers that have issued ratings on the stock in the last year is $8.75.
JE has been the subject of several analyst reports. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Just Energy Group in a report on Wednesday, May 24th. FBR & Co restated an “outperform” rating and issued a $7.50 target price (down from $8.00) on shares of Just Energy Group in a report on Friday, May 19th. Zacks Investment Research cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th.
A number of large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC bought a new stake in Just Energy Group during the fourth quarter worth about $124,000. Norges Bank bought a new stake in Just Energy Group during the fourth quarter worth about $20,814,000. Quadrature Capital Ltd bought a new stake in Just Energy Group during the fourth quarter worth about $387,000. James Investment Research Inc. bought a new stake in Just Energy Group during the first quarter worth about $1,769,000. Finally, Acadian Asset Management LLC raised its stake in Just Energy Group by 11.8% in the first quarter. Acadian Asset Management LLC now owns 3,467,727 shares of the utilities provider’s stock worth $21,714,000 after buying an additional 364,729 shares in the last quarter. 29.31% of the stock is currently owned by institutional investors.
Shares of Just Energy Group (JE) traded up 0.19% on Tuesday, hitting $5.26. 135,783 shares of the company traded hands. The firm’s 50 day moving average price is $5.26 and its 200-day moving average price is $5.71. Just Energy Group has a 1-year low of $4.83 and a 1-year high of $6.35. The stock has a market capitalization of $773.29 million, a price-to-earnings ratio of 2.73 and a beta of 1.05.
Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings results on Wednesday, May 17th. The utilities provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.11. The firm had revenue of $715.64 million for the quarter, compared to analysts’ expectations of $815.35 million. Just Energy Group had a negative return on equity of 84.39% and a net margin of 12.37%. On average, equities research analysts expect that Just Energy Group will post $0.47 earnings per share for the current year.
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.
Receive News & Ratings for Just Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
