Just Energy Group Inc (NYSE:JE) (TSE:JE) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $5.63.
Several research firms have commented on JE. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine lowered shares of Just Energy Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. HC Wainwright reissued a “buy” rating and issued a $6.50 target price on shares of Just Energy Group in a report on Tuesday, April 2nd. CIBC set a $5.00 target price on shares of Just Energy Group and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, National Bank Financial reissued a “hold” rating on shares of Just Energy Group in a report on Friday, March 22nd.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Just Energy Group by 73.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 4,289 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in Just Energy Group during the 4th quarter worth approximately $42,000. Dfpg Investments Inc. bought a new stake in Just Energy Group during the 4th quarter worth approximately $43,000. Roosevelt Investment Group Inc. bought a new stake in Just Energy Group during the 4th quarter worth approximately $53,000. Finally, Pensionmark Financial Group LLC bought a new stake in Just Energy Group during the 4th quarter worth approximately $69,000. 29.26% of the stock is currently owned by institutional investors.
Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $731.50 million during the quarter, compared to analyst estimates of $740.75 million. On average, sell-side analysts anticipate that Just Energy Group will post -0.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.0941 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 10.79%. Just Energy Group’s payout ratio is 32.20%.
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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