Just Energy (JE -15.4%) shares plunge at the open after the utility adopts a shareholder rights...

|About: Just Energy Group, Inc. (JE)|By:, SA News Editor

Just Energy (JE -15.4%) shares plunge at the open after the utility adopts a shareholder rights plan. The company also released FQ3 earnings of $0.28/share vs. a $0.70/share loss in the year-ago period. Cuts its dividend to C$0.07/month from C$10.33. Other highlights: energy customer additions of 341K, up 10% Y/Y; customer base growth to 4.3M, up 11% Y/Y.