Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
JE has been the subject of a number of other research reports. ValuEngine downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a report on Monday, December 18th. B. Riley set a $6.25 price target on shares of Just Energy Group and gave the company a “buy” rating in a report on Wednesday, November 15th. cut their price target on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $7.25 price target on shares of Just Energy Group in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Just Energy Group presently has an average rating of “Buy” and an average target price of $7.17.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sii Investments Inc. WI acquired a new stake in Just Energy Group in the 3rd quarter valued at about $113,000. Citadel Advisors LLC grew its stake in Just Energy Group by 29.3% in the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 4,994 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Just Energy Group during the 3rd quarter worth about $153,000. Virtu KCG Holdings LLC acquired a new stake in shares of Just Energy Group during the 2nd quarter worth about $146,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Just Energy Group by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 4,039 shares during the last quarter. 29.94% of the stock is currently owned by hedge funds and other institutional investors.
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Just Energy Group Company Profile
Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.
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