Just Energy Group Inc (JE) Stake Lessened by Legal & General Group Plc

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Legal & General Group Plc lessened its stake in Just Energy Group Inc (NYSE:JE) (TSE:JE) by 36.4% in the 3rd quarter, Holdings Channel reports. The firm owned 62,520 shares of the utilities provider’s stock after selling 35,787 shares during the quarter. Legal & General Group Plc’s holdings in Just Energy Group were worth $194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of Just Energy Group by 39,883.7% in 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 during the last quarter. CIBC World Markets Inc. raised its position in shares of 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 during the last quarter. Toronto Dominion Bank raised its position in shares of 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 during the last quarter. Man Group plc raised its position in shares of Just Energy Group by 4.2% in the 3rd quarter. Man Group plc now owns 935,053 shares of the utilities provider’s stock worth $2,901,000 after purchasing an additional 37,600 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of Just Energy Group by 2.3% in the 3rd quarter. Advisors Capital Management LLC now owns 1,814,803 shares of the utilities provider’s stock worth $5,626,000 after purchasing an additional 41,379 shares during the last quarter. 26.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:JE opened at $3.69 on Thursday. 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 quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 3.88. The stock has a market capitalization of $559.18 million, a price-to-earnings ratio of 3.74 and a beta of 0.50.

Several research firms have recently issued reports on JE. ValuEngine raised Just Energy Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada lowered Just Energy Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised Just Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Canaccord Genuity raised Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, B. Riley set a $6.00 target price on Just Energy Group and gave the stock 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 given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.47.

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

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