Wells Fargo & Company MN boosted its position in Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 86.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,982 shares of the utilities provider’s stock after buying an additional 15,273 shares during the period. Wells Fargo & Company MN’s holdings in Just Energy Group were worth $206,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Just Energy Group during the fourth quarter worth $20,814,000. Acadian Asset Management LLC raised its position in Just Energy Group by 11.8% in the first quarter. Acadian Asset Management LLC now owns 3,467,727 shares of the utilities provider’s stock worth $21,714,000 after buying an additional 364,729 shares during the last quarter. James Investment Research Inc. bought a new position in Just Energy Group during the first quarter worth $1,769,000. Quadrature Capital Ltd bought a new position in Just Energy Group during the fourth quarter worth $387,000. Finally, Guggenheim Capital LLC bought a new position in Just Energy Group during the fourth quarter worth $124,000. Institutional investors own 29.43% of the company’s stock.
Just Energy Group, Inc. (JE) traded up 0.73% during midday trading on Wednesday, hitting $5.50. The stock had a trading volume of 127,693 shares. The stock has a market cap of $808.85 million, a price-to-earnings ratio of 14.95 and a beta of 1.05. The stock has a 50 day moving average of $5.26 and a 200 day moving average of $5.68. Just Energy Group, Inc. has a 12 month low of $4.83 and a 12 month high of $6.35.
Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings results on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.11. Just Energy Group had a negative return on equity of 117.41% and a net margin of 2.18%. The firm had revenue of $715.64 million for the quarter, compared to analysts’ expectations of $815.35 million. Analysts expect that Just Energy Group, Inc. will post $0.62 EPS for the current fiscal year.
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JE has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Just Energy Group in a research note on Wednesday, May 24th. FBR & Co set a $8.00 price objective on Just Energy Group and gave the company a “buy” rating in a research note on Saturday, May 20th. Zacks Investment Research upgraded Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Wednesday, July 12th. ValuEngine upgraded Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $8.29.
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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