Just Energy Group Inc (NYSE:JE) (TSE:JE) declared a quarterly dividend on Tuesday, September 4th, NASDAQ reports. Stockholders of record on Saturday, September 15th will be paid a dividend of 0.096 per share by the utilities provider on Friday, September 28th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date is Thursday, September 13th.
Just Energy Group has decreased its dividend payment by an average of 14.0% annually over the last three years and has raised its dividend every year for the last 2 years. Just Energy Group has a dividend payout ratio of 165.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Just Energy Group to earn $0.56 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 67.9%.
Shares of Just Energy Group stock traded up $0.02 on Wednesday, reaching $2.98. The stock had a trading volume of 1,444 shares, compared to its average volume of 432,024. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 3.10. Just Energy Group has a 1 year low of $2.80 and a 1 year high of $5.91. The company has a market cap of $446.26 million, a P/E ratio of 2.52 and a beta of 0.35.
Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Just Energy Group had a return on equity of 1,815.36% and a net margin of 9.98%. The firm had revenue of $679.25 million during the quarter, compared to analysts’ expectations of $708.65 million. equities research analysts forecast that Just Energy Group will post 0.23 EPS for the current fiscal year.
A number of research firms recently commented on JE. B. Riley set a $6.00 target price on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, May 18th. HC Wainwright set a $10.00 target price on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, May 18th. Canaccord Genuity cut shares of Just Energy Group from a “buy” rating to a “hold” rating and set a $3.86 target price for the company. in a research note on Thursday, May 17th. Zacks Investment Research cut shares of Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, CIBC cut shares of Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research note on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.72.
About Just Energy Group
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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