ValuEngine Downgrades Just Energy Group (JE) to Strong Sell

ValuEngine cut shares of Just Energy Group (NYSE:JE) (TSE:JE) from a sell rating to a strong sell rating in a report issued on Wednesday.

Several other brokerages have also issued reports on JE. Royal Bank of Canada lowered shares of Just Energy Group from an outperform rating to a sector perform rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Just Energy Group from a sell rating to a hold rating in a research note on Thursday, November 15th. Canaccord Genuity upgraded shares of Just Energy Group from a hold rating to a buy rating in a research note on Tuesday, November 13th. National Bank Financial reiterated a hold rating on shares of Just Energy Group in a research note on Friday, November 9th. Finally, B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a buy rating in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Just Energy Group has an average rating of Hold and a consensus price target of $5.47.

Shares of Just Energy Group stock opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.27 and a quick ratio of 1.22. The stock has a market capitalization of $522.54 million, a P/E ratio of 3.50 and a beta of 0.19. Just Energy Group has a 1 year low of $2.80 and a 1 year high of $5.09.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.094 per share. This represents a $0.38 annualized dividend and a yield of 10.74%. The ex-dividend date of this dividend is Friday, December 14th. Just Energy Group’s dividend payout ratio (DPR) is 32.20%.

A number of hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its position in Just Energy Group by 39,883.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,664,101 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 4,652,436 shares during the last quarter. Bank of Montreal Can grew its position in Just Energy Group by 54.2% during the 3rd quarter. Bank of Montreal Can now owns 3,611,145 shares of the utilities provider’s stock valued at $11,194,000 after purchasing an additional 1,268,787 shares during the last quarter. Vanguard Group Inc grew its position in Just Energy Group by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 2,365,855 shares of the utilities provider’s stock valued at $7,335,000 after purchasing an additional 7,266 shares during the last quarter. Morgan Stanley grew its position in Just Energy Group by 43.1% during the 3rd quarter. Morgan Stanley now owns 2,073,164 shares of the utilities provider’s stock valued at $6,427,000 after purchasing an additional 624,612 shares during the last quarter. Finally, Advisors Capital Management LLC grew its position in Just Energy Group by 2.3% during the 3rd quarter. Advisors Capital Management LLC now owns 1,814,803 shares of the utilities provider’s stock valued at $5,626,000 after purchasing an additional 41,379 shares during the last quarter. 26.46% of the stock is currently owned by institutional investors.

Just Energy Group Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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