Traynor Capital Management Inc. Boosts Stake in Just Energy Group, Inc. (JE)

Traynor Capital Management Inc. raised its position in Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,203 shares of the utilities provider’s stock after buying an additional 611 shares during the period. Traynor Capital Management Inc.’s holdings in Just Energy Group were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JE. Massachusetts Financial Services Co. MA acquired a new position in shares of Just Energy Group during the first quarter worth about $5,687,000. Acadian Asset Management LLC raised its position in shares of 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 period. James Investment Research Inc. acquired a new position in shares of Just Energy Group during the first quarter worth about $1,769,000. Mckinley Capital Management LLC Delaware raised its position in shares of Just Energy Group by 221.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 306,859 shares of the utilities provider’s stock worth $2,562,000 after buying an additional 211,489 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of Just Energy Group by 3.4% in the second quarter. TD Asset Management Inc. now owns 5,321,834 shares of the utilities provider’s stock worth $27,865,000 after buying an additional 173,500 shares during the period. Institutional investors and hedge funds own 29.41% of the company’s stock.

Just Energy Group, Inc. (NYSE:JE) opened at 5.14 on Friday. The company has a 50-day moving average of $5.25 and a 200-day moving average of $5.69. Just Energy Group, Inc. has a 52-week low of $4.83 and a 52-week high of $6.35. The stock has a market capitalization of $755.65 million, a price-to-earnings ratio of 2.66 and a beta of 1.05.

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 Thomson Reuters’ consensus estimate of $0.28 by $0.11. The firm had revenue of $715.64 million for the quarter, compared to analyst estimates of $815.35 million. Just Energy Group had a net margin of 2.18% and a negative return on equity of 96.22%. Equities research analysts expect that Just Energy Group, Inc. will post $0.47 EPS for the current year.

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A number of equities analysts have recently issued reports on JE shares. Canaccord Genuity lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Zacks Investment Research upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Wednesday, July 12th. FBR & Co restated a “buy” rating and set a $7.50 target price on shares of Just Energy Group in a research report on Wednesday, June 14th. ValuEngine lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Just Energy Group in a research report on Wednesday, May 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Just Energy Group presently has an average rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

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