According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “
Other analysts also recently issued reports about the company. TheStreet downgraded Weis Markets from a b- rating to a c+ rating in a research note on Wednesday, June 5th. CIBC reissued a hold rating on shares of Just Energy Group in a report on Friday, June 7th. Canaccord Genuity reissued a hold rating and issued a GBX 860 ($11.24) target price on shares of Galliford Try in a report on Tuesday, May 21st. National Bank Financial reaffirmed a hold rating on shares of Just Energy Group in a report on Friday, March 22nd. Finally, HC Wainwright set a $18.00 price target on Sutro Biopharma and gave the company a buy rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $5.75.
Shares of NYSE:JE opened at $4.35 on Wednesday. The company’s fifty day moving average is $3.98. The firm has a market cap of $651.23 million, a PE ratio of 16.11 and a beta of 0.94. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 22.52. Just Energy Group has a one year low of $2.80 and a one year high of $4.41.
Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings results on Thursday, May 16th. The utilities provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $770.37 million for the quarter, compared to analysts’ expectations of $788.43 million. Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%. As a group, equities analysts anticipate that Just Energy Group will post 0.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a $0.093 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.37 dividend on an annualized basis and a yield of 8.55%. Just Energy Group’s payout ratio is currently 308.33%.
A number of institutional investors have recently modified their holdings of the business. First Allied Advisory Services Inc. acquired a new position in shares of Just Energy Group during the fourth quarter worth approximately $42,000. Perella Weinberg Partners Capital Management LP bought a new stake in shares of Just Energy Group during the first quarter worth $59,000. Pensionmark Financial Group LLC bought a new stake in shares of Just Energy Group during the fourth quarter worth $69,000. Bank of America Corp DE grew its position in Just Energy Group by 245.9% in the fourth quarter. Bank of America Corp DE now owns 33,343 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 23,703 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Just Energy Group in the first quarter valued at $207,000. 27.99% of the stock is currently owned by hedge funds and other institutional investors.
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.
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