Brown Advisory Inc. Increases Holdings in Genesis Energy, L.P. (NYSE:GEL)

Brown Advisory Inc. raised its holdings in Genesis Energy, L.P. (NYSE:GEL - Free Report) by 374.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,445 shares of the pipeline company's stock after acquiring an additional 52,445 shares during the period. Brown Advisory Inc. owned about 0.05% of Genesis Energy worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEL. F M Investments LLC bought a new stake in shares of Genesis Energy during the fourth quarter worth about $122,000. Ameriprise Financial Inc. bought a new stake in Genesis Energy in the fourth quarter valued at approximately $126,000. Arrow Investment Advisors LLC boosted its holdings in Genesis Energy by 21.1% in the first quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock valued at $215,000 after acquiring an additional 2,381 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Genesis Energy by 9.1% in the fourth quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company's stock valued at $350,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Mariner LLC lifted its stake in Genesis Energy by 7.0% in the fourth quarter. Mariner LLC now owns 35,488 shares of the pipeline company's stock valued at $359,000 after buying an additional 2,321 shares during the period. Institutional investors own 66.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Genesis Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.

Genesis Energy Stock Down 1.4%

NYSE GEL traded down $0.24 on Thursday, reaching $16.90. The company had a trading volume of 419,231 shares, compared to its average volume of 520,409. The stock has a market capitalization of $2.07 billion, a P/E ratio of -3.24 and a beta of 1.05. The company's fifty day moving average is $16.42 and its 200 day moving average is $13.93. Genesis Energy, L.P. has a 52-week low of $9.86 and a 52-week high of $17.59. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 18.33.

Genesis Energy (NYSE:GEL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The pipeline company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.37). Genesis Energy had a negative net margin of 20.98% and a negative return on equity of 19.28%. The company had revenue of $398.31 million during the quarter. During the same period in the prior year, the firm earned ($0.09) earnings per share. The company's revenue was down 8.3% compared to the same quarter last year.

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, July 31st. Genesis Energy's dividend payout ratio is presently -12.67%.

Genesis Energy Profile

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.