Toronto Dominion Bank reduced its position in shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,668 shares of the utilities provider’s stock after selling 37,261 shares during the period. Toronto Dominion Bank’s holdings in Just Energy Group were worth $1,872,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JE. Bank of America Corp DE raised its holdings in Just Energy Group by 245.9% in the fourth quarter. Bank of America Corp DE now owns 33,343 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 23,703 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Just Energy Group in the second quarter valued at $134,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Just Energy Group by 0.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,378,437 shares of the utilities provider’s stock valued at $28,410,000 after acquiring an additional 37,557 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Just Energy Group by 4.0% in the second quarter. Intact Investment Management Inc. now owns 1,058,800 shares of the utilities provider’s stock valued at $5,887,000 after acquiring an additional 40,800 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Just Energy Group in the second quarter valued at $231,000. 28.97% of the stock is currently owned by institutional investors and hedge funds.
JE stock traded up $0.05 during trading on Wednesday, hitting $1.55. 38,755 shares of the company’s stock traded hands, compared to its average volume of 1,724,611. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 22.52. Just Energy Group Inc has a 52 week low of $1.08 and a 52 week high of $4.42. The stock has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $3.29. The stock has a market capitalization of $226.78 million, a price-to-earnings ratio of 12.96 and a beta of 1.13.
Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative net margin of 9.76% and a negative return on equity of 325.10%. The business had revenue of $670.17 million for the quarter, compared to the consensus estimate of $911.86 million. During the same quarter in the previous year, the firm earned ($0.45) EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities research analysts expect that Just Energy Group Inc will post -1.38 EPS for the current fiscal year.
JE has been the topic of several recent analyst reports. TheStreet cut shares of Just Energy Group from a “c-” rating to a “d” rating in a report on Wednesday, June 5th. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a report on Friday, August 16th. Canaccord Genuity raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. ValuEngine cut shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Just Energy Group in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Just Energy Group currently has a consensus rating of “Hold” and an average target price of $5.75.
Just Energy Group 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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