HC Wainwright restated their buy rating on shares of Just Energy Group (NYSE:JE) (TSE:JE) in a research note released on Friday, September 14th. They currently have a $7.00 target price on the utilities provider’s stock.
“We believe that, once finalized, this transaction could prove to be a positive development for the company because: (1) JE expects this transaction to be immediately accretive; (2) bulk of the consideration to be paid for the acquisition is in the form of non-cash earn-out payments (paid in common shares), that are contingent upon achieving performance based milestones; (3) Filter Group has a recurring, subscription based service model with a sticky customer base; (4) acquisition diversifies JE’s product mix with non-commodity products and services offerings; and (5) business combination opens up potentially synergistic cross-selling opportunities for the two companies. In our opinion, this acquisition is in line with the steps taken by JE toward transforming itself from a retail energy provider to a consumer-centric company.”,” the firm’s analyst commented.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Just Energy Group from a hold rating to a sell rating in a report on Tuesday, August 14th. ValuEngine lowered Just Energy Group from a sell rating to a strong sell rating in a report on Thursday, August 2nd. B. Riley set a $6.00 price target on Just Energy Group and gave the stock a buy rating in a report on Friday, August 10th. Canaccord Genuity cut Just Energy Group from a buy rating to a hold rating and set a $3.86 price objective on the stock. in a research report on Thursday, May 17th. Finally, CIBC cut Just Energy Group from a sector outperform rating to a neutral rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $5.72.
JE traded down $0.06 during trading on Friday, reaching $3.12. The company had a trading volume of 336,398 shares, compared to its average volume of 292,499. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 3.10. Just Energy Group has a 12-month low of $2.80 and a 12-month high of $5.91. The stock has a market capitalization of $462.68 million, a P/E ratio of 2.64 and a beta of 0.30.
Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The business had revenue of $679.25 million for the quarter, compared to analysts’ expectations of $708.65 million. Just Energy Group had a net margin of 9.98% and a return on equity of 1,815.36%. On average, research analysts predict that Just Energy Group will post 0.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Saturday, September 15th were given a $0.096 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 12.31%. The ex-dividend date was Thursday, September 13th. Just Energy Group’s dividend payout ratio (DPR) is 32.20%.
Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Just Energy Group during the first quarter worth $109,000. Hsbc Holdings PLC bought a new stake in shares of Just Energy Group during the first quarter worth $116,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Just Energy Group during the first quarter valued at $123,000. ClariVest Asset Management LLC acquired a new position in shares of Just Energy Group during the first quarter valued at $239,000. Finally, Element Capital Management LLC acquired a new position in shares of Just Energy Group during the first quarter valued at $307,000. Institutional investors own 23.69% of the company’s stock.
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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