Just Energy Group (JE.TO) Buy, Sell or Hold

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Just Energy Group (JE.TO)

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4.92

-0.00 (0.00%)

as of Mar 8, 2021, 9:00:00 pm Market Open.

90 watching

PAST TOP PICK

(A Top Pick Oct 26/10. Down 3.78%.)

DON'T BUY

This chart looks like the whole energy sector. Had a nice run-up from December to the end of May. Recently broke down but he expects support at about $12.60. The next level would be $11.75. This is supposed to be the strong seasonality in the market right now for energy.

COMMENT

A marketer of natural gas and electricity contracts. There have been issues in the US because of foreclosures of houses. He owns some of their convertible debentures.

DON'T BUY

Going up because of greater investor demand in Canada for yield. He has been skeptical of their business. Door to door salespeople want you to look into a contract. He doesn’t like the business.

WEAK BUY

Has sort of plateaued in its growth the last several years. Dividend is relatively secure. Fairly high debt load that has been creeping up so you would have to be cautious. Don't expect a lot of growth but with a 9.6% yield is probably worth holding but keep your eye on the debt.

PAST TOP PICK

(A Top Pick Nov 28/11. Up 6%.) 6% convertible you June 30/17.

DON'T BUY

Is fine. He has concerns about longer-term growth. Gas prices are low and people may not want to lock in.

DON'T BUY

Fixed price contracts on residential energy. Very good growth in cash flows and dividend has been strong. Is cautious after the 20% rise in share price off $10. We had warm weather and should impact JE’s results. Also payout ratio is quite high. Thinks they can meet the dividend but it will limit their ability to make acquisitions. Also 25% of contracts will roll off in next few years to lower gas prices and this will impact margins.

COMMENT

Just announced a buyback of 10% of outstanding shares. This is a good sign that the company feels their shares are good value. Pricing and margin environment for natural gas and electricity contracts have been very difficult because the prices have not been volatile. Have been moving more of their business towards commercial contracts, which are lower margins. Dividends are sustainable.

DON'T BUY

Have been looking for areas with more growth prospects and searching for new products and distribution channels. Their customer and the turnover has been of some concern to investors. Carrying an extremely high yield and there is some question whether the dividend is sustainable.

DON'T BUY

Sells contracts for electricity and energy. Not so sure the business plan is sustainable in the future. Yield is very high at 12.5% but the balance sheet is not as good as it used to be.

TOP PICK

6% convertible due June 30/17. Judges the 12.5% dividend on the common to be relatively safe.

COMMENT

Only hesitation he has is that their dividend yield is quite high and they are paying out pretty much what they're earning. Has been investing and broadening out its products and services and distribution channels. Just acquired a retail electric provider. Expect they will do a little bit better going forward.

BUY

Sells gas and electricity to both residential and commercial users. Lately have been focused on acquiring and growing in the commercial segments where volumes are much higher margins are lower. More volatile gas prices would cause less churn. Dividend is attractive at 11.6% and should be sustainable. Will be volatile.

HOLD

Yield of 11.6%. Market feels that anything with a high yield is suspect. Thinks the market got it wrong on this one. Good management. Latest quarter shows 8% year-over-year growth. Management has said they are fully able and intend to pay the current level of dividend for the balance of this year and next.

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Just Energy Group (JE.TO)