Cubist Systematic Strategies LLC Takes $153,000 Position in Just Energy Group Inc (JE)

Cubist Systematic Strategies LLC purchased a new position in Just Energy Group Inc (NYSE:JE) (TSE:JE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,390 shares of the utilities provider’s stock, valued at approximately $153,000.

Other hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc. grew its holdings in Just Energy Group by 2.0% in the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock worth $31,388,000 after purchasing an additional 107,600 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Just Energy Group in the second quarter worth about $4,414,000. Scotia Capital Inc. grew its holdings in Just Energy Group by 21.5% in the second quarter. Scotia Capital Inc. now owns 436,520 shares of the utilities provider’s stock worth $2,286,000 after purchasing an additional 77,159 shares during the period. JPMorgan Chase & Co. grew its holdings in Just Energy Group by 249.3% in the second quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 69,123 shares during the period. Finally, The Manufacturers Life Insurance Company grew 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 worth $447,000 after purchasing an additional 1,585 shares during the period. 29.94% of the stock is owned by institutional investors.

Shares of Just Energy Group Inc (JE) opened at $4.12 on Friday. Just Energy Group Inc has a fifty-two week low of $4.00 and a fifty-two week high of $6.35. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of -7.46. The company has a market cap of $605.03, a P/E ratio of 5.49 and a beta of 0.92.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.0982 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date was Thursday, December 14th. Just Energy Group’s payout ratio is 53.33%.

A number of equities research analysts have weighed in on JE shares. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. cut their price objective on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a report on Wednesday, November 15th. B. Riley set a $6.25 price objective on shares of Just Energy Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a report on Monday, December 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Just Energy Group currently has a consensus rating of “Buy” and a consensus target price of $7.17.

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

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