Canaccord Genuity Cuts Just Energy Group (JE) To “Hold”, Verition Fund Management Has Upped Edison Intl (EIX) Position

May 18, 2017 - By Vivian Currie

Among 6 analysts covering Just Energy Group (NYSE:JE), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Just Energy Group has $10 highest and $7.50 lowest target. $8.40’s average target is 56.72% above currents $5.36 stock price. Just Energy Group had 7 analyst reports since August 14, 2015 according to SRatingsIntel. Rodman and Renshaw initiated Just Energy Group Inc (NYSE:JE) on Thursday, December 10 with “Buy” rating. The rating was initiated by FBR Capital on Friday, December 18 with “Outperform”. On Thursday, December 10 the stock rating was initiated by H.C. Wainwright with “Buy”. National Bank Canada downgraded the stock to “Sector Perform” rating in Monday, August 17 report.

Verition Fund Management Llc increased Edison Intl (EIX) stake by 139.36% reported in 2016Q4 SEC filing. Verition Fund Management Llc acquired 13,661 shares as Edison Intl (EIX)’s stock 0.00%. The Verition Fund Management Llc holds 23,464 shares with $1.69M value, up from 9,803 last quarter. Edison Intl now has $25.31B valuation. The stock rose 0.46% or $0.36 reaching $77.95 per share. About 848,809 shares traded. Edison International (NYSE:EIX) has risen 6.00% since April 18, 2017 and is uptrending. It has by 0.00% the S&P500.

Among 13 analysts covering Edison (NYSE:EIX), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. Edison had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Suntrust Robinson with “Buy” on Monday, October 19. As per Friday, April 1, the company rating was downgraded by Goldman Sachs. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The firm has “Neutral” rating by Mizuho given on Wednesday, February 24. As per Thursday, October 29, the company rating was downgraded by Citigroup. The firm earned “Buy” rating on Tuesday, August 11 by Deutsche Bank. Barclays Capital downgraded Edison International (NYSE:EIX) on Wednesday, October 28 to “Equal-Weight” rating. The stock of Edison International (NYSE:EIX) has “Buy” rating given on Monday, September 26 by SunTrust. Evercore upgraded the shares of EIX in report on Tuesday, January 26 to “Buy” rating. The stock of Edison International (NYSE:EIX) has “Hold” rating given on Wednesday, May 17 by UBS.

Since February 15, 2017, it had 0 insider purchases, and 4 insider sales for $4.49 million activity. Litzinger Ronald L sold $1.94M worth of Edison International (NYSE:EIX) on Wednesday, February 15. Vasquez Gaddi H. sold $292,572 worth of stock. $197,571 worth of Edison International (NYSE:EIX) was sold by CHANG VANESSA C L on Thursday, March 16.

Verition Fund Management Llc decreased Brown Forman Corp (NYSE:BF.B) stake by 30,810 shares to 5,842 valued at $262,000 in 2016Q4. It also reduced Servicemaster Global Hldgs I (NYSE:SERV) stake by 15,684 shares and now owns 8,132 shares. Newmont Mining Corp (NYSE:NEM) was reduced too.

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.23, from 0.91 in 2016Q3. It increased, as 29 investors sold EIX shares while 178 reduced holdings. 61 funds opened positions while 175 raised stakes. 264.23 million shares or 2.55% more from 257.66 million shares in 2016Q3 were reported. Conning has 8,467 shares. Bank Of Montreal Can has 0.04% invested in Edison International (NYSE:EIX) for 527,490 shares. Ontario Teachers Pension Plan Board accumulated 100,229 shares or 0.08% of the stock. Arrow Fincl reported 150 shares. 615,678 are owned by Hexavest Inc. Co National Bank accumulated 0% or 3,201 shares. Diligent Limited Liability Company holds 0.17% in Edison International (NYSE:EIX) or 2,883 shares. Meeder Asset Management has invested 0.09% in Edison International (NYSE:EIX). Connor Clark And Lunn Inv Management invested in 0.01% or 29,975 shares. Natl Planning Corporation invested in 0.03% or 5,820 shares. Sector Pension Investment Board stated it has 71,592 shares. Australia-based Macquarie Group Incorporated Ltd has invested 1.55% in Edison International (NYSE:EIX). Luminus Mngmt Ltd Liability Corporation invested in 1.22% or 752,928 shares. Ancora Advsrs Ltd Llc holds 0% in Edison International (NYSE:EIX) or 702 shares. Jefferies Group Inc Ltd owns 38,409 shares.

Just Energy Group Inc. is an energy management solutions well-known provider engaged in electricity, natural gas, solar and green energy. The company has market cap of $898.76 million. The Company’s divisions include Consumer Energy and Commercial Energy. It has a 2.61 P/E ratio. The Firm operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.