Just Energy Group Inc. (JE): How Are Institutional Investors Playing Their JE Holdings?

Just Energy Group Inc. (NYSE:JE) is now up 25.36% compared to a 12-month low of $2.8. We have seen the price to move 6.04% higher and get settled at $3.51 on 02/08/2019. At recent session, it appeared stuck in a range of $3.26 to $3.53. This company shares are 124.5% off its target price of $7.88 and the current market capitalization stands at $523.89M. The recent change has given its price a -4.6% deficit over SMA 50 and -31.04% deficit over its 52-week high. The stock witnessed -0.57% declines, 3.54% gains and -9.54% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JE’s volatility during a week at 5.57% and during a month it has been found around 3.33%.

Just Energy Group Inc. (JE) Top Holders

Institutional investors currently hold around $133 million or 31.09% in JE stock. Look at its top three institutional owners. Connor, Clark & Lunn Investment Management Ltd. owns $27.15 million in Just Energy Group Inc., which represents roughly 5.18% of the company’s market cap and approximately 20.41% of the institutional ownership. Similar statistics are true for the second largest owner, Allianz Asset Management Gmbh, which owns 4,664,101 shares of the stock are valued at $16.37 million. The third largest holder is Td Asset Management Inc, which currently holds $14.78 million worth of this stock and that ownership represents nearly 2.82% of its market capitalization.

Just Energy Group Inc. 13F Filings

At the end of September reporting period, 39 institutional holders increased their position in Just Energy Group Inc. (NYSE:JE) by some 9,326,834 shares, 39 decreased positions by 6,268,887 and 12 held positions by 22,320,900. That puts total institutional holdings at 37,916,621 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 2,517,068 shares while 17 institutional investors sold out their entire positions totaling 2,161,066 shares.

Just Energy Group Inc. (JE) Analyst Guide

Several analysts have released their opinion on Just Energy Group Inc. (NYSE:JE), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.29 average brokerage recommendation.