Just Energy Group, Inc. (JE) Stock Rating Lowered by ValuEngine

Just Energy Group, Inc. (NYSE:JE) (TSE:JE) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Canaccord Genuity restated a “hold” rating and set a $7.25 price target on shares of Just Energy Group in a research note on Monday, October 16th. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Just Energy Group in a research note on Friday. BidaskClub upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, TD Securities lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.63.

Shares of Just Energy Group (NYSE JE) traded down $0.33 during mid-day trading on Friday, hitting $4.68. 540,100 shares of the stock traded hands, compared to its average volume of 107,419. The company has a debt-to-equity ratio of -7.46, a quick ratio of 1.12 and a current ratio of 1.16. Just Energy Group has a 12 month low of $4.64 and a 12 month high of $6.35. The stock has a market cap of $686.99, a price-to-earnings ratio of 4.46 and a beta of 1.02.

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Hedge funds have recently modified their holdings of the company. Traynor Capital Management Inc. grew its stake in Just Energy Group by 1.8% in the 2nd quarter. Traynor Capital Management Inc. now owns 34,203 shares of the utilities provider’s stock valued at $182,000 after buying an additional 611 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Just Energy Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock valued at $447,000 after buying an additional 1,585 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Just Energy Group by 15.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock valued at $160,000 after buying an additional 4,039 shares in the last quarter. 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 buying an additional 4,994 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Just Energy Group by 13.5% in the 2nd quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock valued at $314,000 after buying an additional 5,469 shares in the last quarter. Institutional investors own 28.82% of the company’s stock.

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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