Just Energy Group (JE) Sets New 12-Month Low on Analyst Downgrade

Just Energy Group Inc. (TSE:JE) (NYSE:JE) reached a new 52-week low on Tuesday after National Bank Financial lowered their price target on the stock from C$6.25 to C$6.00. National Bank Financial currently has a sector perform rating on the stock. Just Energy Group traded as low as C$5.23 and last traded at C$5.29, with a volume of 577016 shares trading hands. The stock had previously closed at C$5.48.

Separately, TD Securities cut Just Energy Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$9.50 to C$6.50 in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Just Energy Group currently has a consensus rating of “Buy” and an average price target of C$6.67.

In other news, insider Ron Joyce bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of C$5.35 per share, for a total transaction of C$535,000.00. Also, insider Krishnan Kasiviswanathan sold 27,810 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of C$5.63, for a total value of C$156,570.30.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 9.28%. Just Energy Group’s dividend payout ratio is currently 75.76%.

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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.

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