Just Energy Group Inc (TSE:JE) Announces $0.13 Quarterly Dividend

Just Energy Group Inc (TSE:JE) (NYSE:JE) declared a quarterly dividend on Tuesday, June 4th, Zacks reports. Investors of record on Monday, June 17th will be given a dividend of 0.125 per share on Friday, June 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date is Friday, June 14th.

Shares of Just Energy Group stock traded up C$0.15 during trading on Monday, reaching C$5.63. The company’s stock had a trading volume of 302,500 shares, compared to its average volume of 325,272. The stock has a 50-day moving average of C$4.97. The company has a debt-to-equity ratio of 2,374.38, a current ratio of 1.27 and a quick ratio of 0.91. Just Energy Group has a one year low of C$3.66 and a one year high of C$5.76. The firm has a market capitalization of $842.84 million and a PE ratio of -6.38.

Just Energy Group (TSE:JE) (NYSE:JE) last announced its quarterly earnings data on Thursday, May 16th. The company reported C$0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.05). The business had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Sell-side analysts forecast that Just Energy Group will post 0.43 EPS for the current fiscal year.

A number of analysts have recently commented on the company. CIBC upped their price target on Just Energy Group from C$4.50 to C$5.50 in a research note on Friday, June 7th. Royal Bank of Canada upped their price target on Just Energy Group from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research note on Friday, June 7th. National Bank Financial lowered their price target on Just Energy Group from C$5.25 to C$4.75 and set a “sector perform” rating for the company in a research note on Friday, May 17th. Canaccord Genuity lowered Just Energy Group from a “speculative buy” rating to a “hold” rating and decreased their price objective for the company from C$5.50 to C$5.00 in a research report on Monday, May 13th. Finally, TD Securities boosted their price objective on Just Energy Group from C$4.50 to C$5.50 and gave the company a “hold” rating in a research report on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$5.25.

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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Dividend History for Just Energy Group (TSE:JE)

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