ValuEngine upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a sell rating to a hold rating in a research note issued to investors on Monday, February 4th.
A number of other analysts also recently issued reports on JE. TD Securities reaffirmed a buy rating and issued a $5.00 target price on shares of Just Energy Group in a research report on Thursday, November 8th. HC Wainwright set a $7.00 price target on Just Energy Group and gave the stock a buy rating in a research report on Friday, November 9th. National Bank Financial reissued a hold rating on shares of Just Energy Group in a research report on Friday, November 9th. B. Riley set a $6.00 target price on Just Energy Group and gave the company a buy rating in a research report on Friday, November 9th. Finally, Canaccord Genuity raised Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, November 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $5.47.
NYSE:JE opened at $3.61 on Monday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.12 and a current ratio of 1.16. The firm has a market capitalization of $536.77 million, a PE ratio of 3.06 and a beta of 0.60. Just Energy Group has a 12-month low of $2.80 and a 12-month high of $4.86.
Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, February 6th. The utilities provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The business had revenue of $731.50 million for the quarter, compared to the consensus estimate of $740.75 million. Just Energy Group had a return on equity of 68.59% and a net margin of 6.19%. Analysts forecast that Just Energy Group will post -0.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.0941 per share. The ex-dividend date is Thursday, March 14th. This is a boost from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 10.43%. Just Energy Group’s dividend payout ratio is presently 32.20%.
Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 worth $33,000 after buying an additional 4,289 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in Just Energy Group in the fourth quarter valued at $42,000. Dfpg Investments Inc. acquired a new stake in Just Energy Group in the fourth quarter valued at $43,000. Roosevelt Investment Group Inc. acquired a new stake in Just Energy Group in the fourth quarter valued at $53,000. Finally, Pensionmark Financial Group LLC acquired a new stake in Just Energy Group during the 4th quarter worth about $69,000. Institutional investors own 25.90% of the company’s stock.
About Just Energy Group
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.
Recommended Story: How analysts view the yield curve
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.