49 institutions hold shares in Just Energy Group Inc. (JE), with 4.71M shares held by insiders accounting for 9.79% while institutional investors hold 19.83% of the company’s shares. The shares outstanding are 48.05M, and float is at 44.87M with Short Float at 1.74%. Institutions hold 17.89% of the Float.
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The top institutional shareholder in the company is PenderFund Capital Management Limited with over 2.91 million shares valued at $15.15 million. The investor’s holdings represent 6.05% of the JE Shares outstanding. As of Sep 29, 2020, the second largest holder is Bank of Montreal/Can/ with 2.51 million shares valued at $13.09 million to account for 5.22% of the shares outstanding. The other top investors are Claret Asset Management Corp which holds 1.39 million shares representing 2.90% and valued at over $6.51 million, while Jane Street Group, LLC holds 0.46% of the shares totaling 0.22 million with a market value of $1.16 million.
Just Energy Group Inc. (NYSE: JE) is 23.29% higher on its value in year-to-date trading and has touched a low of $4.27 and a high of $34.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JE stock was last observed hovering at around $5.55 in the last trading session, with the day’s gains setting it 0.22% off its average median price target of $7.87 for the next 12 months. It is also 27.05% off the consensus price target high of $7.91 offered by 3 analysts, but current levels are 26.68% higher than the price target low of $7.87 for the same period.
Currently trading at $5.77, the stock is -17.40% and 0.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 3.96% at the moment leaves the stock -40.07% off its SMA200. JE registered -82.37% loss for a year compared to 6-month loss of -42.28%. The firm has a 50-day simple moving average (SMA 50) of $6.27 and a 200-day simple moving average (SMA200) of $6.84.
The stock witnessed a 8.66% gain in the last 1 month and extending the period to 3 months gives it a 16.57%, and is -23.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.64% over the week and 11.39% over the month.
Current P/E ratio is 3.28 and Fwd P/E is 11.10. Distance from 52-week low is 35.13% and -83.35% from its 52-week high.
Just Energy Group Inc. (JE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Just Energy Group Inc. (JE) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Just Energy Group Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $873.77M over the same period.The EPS is expected to shrink by -41.10% this year, but quarterly earnings will post -1.10% year-over-year. Quarterly sales are estimated to grow 17.20% in year-over-year returns.