Just Energy Group, Inc. (JE) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. raised its stake in Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 21.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 436,520 shares of the utilities provider’s stock after buying an additional 77,159 shares during the period. Scotia Capital Inc. owned approximately 0.30% of Just Energy Group worth $2,286,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Traynor Capital Management Inc. increased its holdings in Just Energy Group by 1.8% in the second 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 increased its holdings in Just Energy Group by 1.9% in the second 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 increased its holdings in Just Energy Group by 15.3% in the second 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 increased its holdings 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 buying an additional 4,994 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Just Energy Group by 13.5% in the second 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. 29.19% of the stock is owned by institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.0999 dividend. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend was Thursday, September 14th. Just Energy Group’s payout ratio is presently 800.00%.

JE has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. FBR & Co reaffirmed a “buy” rating and issued a $7.50 target price on shares of Just Energy Group in a report on Wednesday, June 14th. Finally, HC Wainwright set a $10.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $8.29.

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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.

Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

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