Just Energy Group (NYSE:JE) (TSE:JE) had its target price lowered by B. Riley from $6.00 to $3.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the utilities provider’s stock. B. Riley also issued estimates for Just Energy Group’s Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.32 EPS and FY2021 earnings at ($0.16) EPS.
Separately, Zacks Investment Research downgraded shares of Just Energy Group from a buy rating to a hold rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $4.06.
Shares of NYSE JE opened at $1.07 on Tuesday. The company’s fifty day moving average price is $1.55 and its 200 day moving average price is $1.98. Just Energy Group has a 1 year low of $1.06 and a 1 year high of $4.42. The company has a market capitalization of $163.65 million, a PE ratio of 36.00 and a beta of 1.18.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Just Energy Group by 4.8% during the second quarter. Vanguard Group Inc. now owns 2,658,311 shares of the utilities provider’s stock worth $11,430,000 after buying an additional 122,284 shares in the last quarter. Invesco Ltd. raised its position in Just Energy Group by 3.6% during the second quarter. Invesco Ltd. now owns 171,760 shares of the utilities provider’s stock worth $738,000 after acquiring an additional 6,039 shares during the period. Jane Street Group LLC raised its position in Just Energy Group by 36.9% during the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after acquiring an additional 5,985 shares during the period. UBS Asset Management Americas Inc. raised its position in Just Energy Group by 68.2% during the second quarter. UBS Asset Management Americas Inc. now owns 87,547 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 35,500 shares during the period. Finally, Villere ST Denis J & Co. LLC acquired a new position in Just Energy Group during the third quarter worth $711,000. 23.01% of the stock is currently owned by hedge funds and other 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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