Advisors Capital Management LLC Has $6.99 Million Holdings in Just Energy Group Inc (JE)

Advisors Capital Management LLC boosted its position in Just Energy Group Inc (NYSE:JE) (TSE:JE) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,117,417 shares of the utilities provider’s stock after acquiring an additional 302,614 shares during the quarter. Advisors Capital Management LLC’s holdings in Just Energy Group were worth $6,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in Just Energy Group by 54.2% during the third quarter. Bank of Montreal Can now owns 3,611,145 shares of the utilities provider’s stock worth $11,194,000 after buying an additional 1,268,787 shares during the last quarter. Toronto Dominion Bank raised its stake in Just Energy Group by 20.3% in the 3rd quarter. Toronto Dominion Bank now owns 683,372 shares of the utilities provider’s stock worth $2,121,000 after purchasing an additional 115,402 shares in the last quarter. CIBC World Markets Inc. raised its stake in Just Energy Group by 8.4% in the 3rd quarter. CIBC World Markets Inc. now owns 206,694 shares of the utilities provider’s stock worth $641,000 after purchasing an additional 16,030 shares in the last quarter. Allianz Asset Management GmbH increased its position in Just Energy Group by 39,883.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,664,101 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 4,652,436 shares in the last quarter. Finally, Man Group plc grew its holdings in Just Energy Group by 4.2% during the 3rd quarter. Man Group plc now owns 935,053 shares of the utilities provider’s stock worth $2,901,000 after acquiring an additional 37,600 shares during the last quarter. 26.46% of the stock is currently owned by institutional investors.

NYSE:JE traded up $0.05 during trading hours on Thursday, hitting $3.70. 8,874 shares of the stock traded hands, compared to its average volume of 180,435. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 3.88. Just Energy Group Inc has a fifty-two week low of $2.80 and a fifty-two week high of $5.09. The company has a market cap of $554.69 million, a P/E ratio of 3.11 and a beta of 0.50.

The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Monday, December 17th were paid a dividend of $0.094 per share. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.38 annualized dividend and a dividend yield of 10.16%. Just Energy Group’s dividend payout ratio (DPR) is currently 32.20%.

JE has been the subject of a number of analyst reports. ValuEngine upgraded shares of Just Energy Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Just Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. HC Wainwright set a $7.00 price target on Just Energy Group and gave the company a “buy” rating in a report on Friday, November 9th. National Bank Financial reissued a “hold” rating on shares of Just Energy Group in a report on Friday, November 9th. Finally, B. Riley set a $6.00 price target on Just Energy Group and gave the company a “buy” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.47.

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Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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

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