TD Securities downgraded shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) from a buy rating to a hold rating in a report released on Friday, MarketBeat.com reports.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Just Energy Group from a buy rating to a hold rating in a research report on Thursday, July 20th. ValuEngine upgraded Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Canaccord Genuity restated a hold rating and set a $7.25 price objective on shares of Just Energy Group in a research report on Monday, October 16th. HC Wainwright restated a buy rating and set a $10.00 price objective on shares of Just Energy Group in a research report on Friday. Finally, BidaskClub upgraded Just Energy Group from a hold rating to a buy rating in a report on Tuesday, August 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $7.63.
Shares of Just Energy Group (NYSE:JE) traded down $0.11 on Friday, hitting $4.57. The stock had a trading volume of 272,200 shares, compared to its average volume of 152,583. Just Energy Group has a 52 week low of $4.47 and a 52 week high of $6.35. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of -7.46. The company has a market capitalization of $687.27, a P/E ratio of 4.46 and a beta of 1.02.
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A number of hedge funds have recently modified their holdings of the business. Sii Investments Inc. WI acquired a new stake in Just Energy Group in the third quarter valued at approximately $113,000. Citadel Advisors LLC grew its stake in Just Energy Group by 29.3% in the second 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 period. Parametric Portfolio Associates LLC acquired a new stake in Just Energy Group in the first quarter valued at approximately $166,000. JPMorgan Chase & Co. acquired a new stake in Just Energy Group in the first quarter valued at approximately $174,000. Finally, Virtu KCG Holdings LLC acquired a new stake in Just Energy Group in the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 28.66% of the company’s stock.
About Just Energy Group
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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