Jane Street Group LLC bought a new stake in Just Energy Group Inc (NYSE:JE) (TSE:JE) during the fourth quarter, HoldingsChannel.com reports. The firm bought 88,563 shares of the utilities provider’s stock, valued at approximately $293,000.
Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Just Energy Group by 73.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 4,289 shares during the last quarter. Dfpg Investments Inc. bought a new position in shares of Just Energy Group during the fourth quarter valued at $43,000. Roosevelt Investment Group Inc. bought a new position in shares of Just Energy Group during the fourth quarter valued at $53,000. Pensionmark Financial Group LLC bought a new position in shares of Just Energy Group during the fourth quarter valued at $69,000. Finally, Bank of America Corp DE raised its stake in shares of Just Energy Group by 245.9% during the fourth quarter. Bank of America Corp DE now owns 33,343 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 23,703 shares during the last quarter. Hedge funds and other institutional investors own 29.26% of the company’s stock.
JE has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. ValuEngine raised shares of Just Energy Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. B. Riley initiated coverage on shares of Just Energy Group in a research note on Thursday, March 14th. They set a “buy” rating and a $6.00 price target for the company. National Bank Financial reaffirmed a “hold” rating on shares of Just Energy Group in a research note on Friday, March 22nd. Finally, CIBC set a $5.00 price target on shares of Just Energy Group and gave the company a “hold” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.27.
JE stock opened at $3.45 on Tuesday. The firm has a market cap of $521.82 million, a PE ratio of 12.46 and a beta of 0.54. Just Energy Group Inc has a 52-week low of $2.80 and a 52-week high of $4.51. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 3.52.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, February 6th. The utilities provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Just Energy Group had a return on equity of 68.59% and a net margin of 6.19%. The firm had revenue of $731.50 million for the quarter, compared to the consensus estimate of $740.75 million. On average, research analysts predict that Just Energy Group Inc will post -0.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.0941 per share. This represents a $0.38 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date was Thursday, March 14th. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09. Just Energy Group’s dividend payout ratio (DPR) is currently 32.20%.
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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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