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. “
Several other analysts have also commented on JE. TheStreet lowered Weis Markets from a b- rating to a c+ rating in a report on Wednesday, June 5th. ValuEngine raised Zuora from a hold rating to a buy rating in a report on Saturday, July 6th. CIBC reissued a hold rating on shares of Just Energy Group in a report on Friday, June 7th. HC Wainwright set a $18.00 price objective on Sutro Biopharma and gave the company a buy rating in a report on Friday, May 17th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a GBX 860 ($11.24) price target on shares of Galliford Try in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $5.75.
Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Thursday, May 16th. The utilities provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Just Energy Group had a negative net margin of 3.21% and a positive return on equity of 47.01%. The business had revenue of $770.37 million during the quarter, compared to analyst estimates of $788.43 million. On average, analysts anticipate that Just Energy Group will post 0.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.093 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend was Friday, June 14th. Just Energy Group’s dividend payout ratio is presently 308.33%.
Several large investors have recently modified their holdings of the company. First Allied Advisory Services Inc. acquired a new stake in shares of Just Energy Group in the fourth quarter worth approximately $42,000. Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Just Energy Group in the first quarter worth approximately $59,000. Pensionmark Financial Group LLC acquired a new stake in shares of Just Energy Group in the fourth quarter worth approximately $69,000. Bank of America Corp DE boosted its stake in shares of 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 worth $110,000 after acquiring an additional 23,703 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Just Energy Group by 0.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,378,437 shares of the utilities provider’s stock worth $28,410,000 after acquiring an additional 37,557 shares during the last quarter. 27.99% 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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