Advisors Capital Management LLC boosted its stake in Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,982,496 shares of the utilities provider’s stock after buying an additional 13,661 shares during the period. Advisors Capital Management LLC owned 1.35% of Just Energy Group worth $10,388,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in JE. Guggenheim Capital LLC acquired a new position in Just Energy Group during the fourth quarter valued at approximately $124,000. Campbell & CO Investment Adviser LLC raised its stake in Just Energy Group by 45.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 20,103 shares of the utilities provider’s stock worth $126,000 after buying an additional 6,323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Just Energy Group by 289.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,748 shares of the utilities provider’s stock worth $136,000 after buying an additional 16,166 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in Just Energy Group during the first quarter worth about $166,000. Finally, JPMorgan Chase & Co. purchased a new stake in Just Energy Group during the first quarter worth about $174,000. 29.41% of the stock is currently owned by institutional investors and hedge funds.
Just Energy Group, Inc. (JE) opened at 5.14 on Friday. Just Energy Group, Inc. has a 1-year low of $4.83 and a 1-year high of $6.35. The firm’s 50-day moving average price is $5.25 and its 200 day moving average price is $5.69. The stock has a market cap of $755.65 million, a PE ratio of 2.66 and a beta of 1.05.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, May 17th. The utilities provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.28 by $0.11. Just Energy Group had a net margin of 2.18% and a negative return on equity of 96.22%. The business had revenue of $715.64 million for the quarter, compared to the consensus estimate of $815.35 million. Equities research analysts expect that Just Energy Group, Inc. will post $0.47 EPS for the current year.
JE has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Just Energy Group in a report on Wednesday, May 24th. FBR & Co reissued an “outperform” rating and set a $7.50 price target (down previously from $8.00) on shares of Just Energy Group in a report on Friday, May 19th. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Canaccord Genuity downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Just Energy Group has an average rating of “Buy” and a consensus price target of $8.25.
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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