Nuveen LLC bought a new stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 79,410 shares of the oil and gas producer's stock, valued at approximately $1,195,000. Nuveen LLC owned about 0.29% of Genie Energy at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Genie Energy by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer's stock valued at $120,000 after buying an additional 1,699 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Genie Energy by 4,503.7% during the 4th quarter. Deutsche Bank AG now owns 13,673 shares of the oil and gas producer's stock valued at $213,000 after buying an additional 13,376 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Genie Energy by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,701 shares of the oil and gas producer's stock valued at $230,000 after buying an additional 3,119 shares during the last quarter. Significant Wealth Partners LLC boosted its stake in shares of Genie Energy by 20.6% during the 1st quarter. Significant Wealth Partners LLC now owns 15,668 shares of the oil and gas producer's stock valued at $236,000 after buying an additional 2,675 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Genie Energy during the 4th quarter valued at approximately $238,000. 49.15% of the stock is currently owned by hedge funds and other institutional investors.
Genie Energy Stock Performance
GNE traded up $0.10 during trading hours on Thursday, hitting $14.99. 88,223 shares of the stock were exchanged, compared to its average volume of 140,326. The stock has a 50-day simple moving average of $19.65 and a 200-day simple moving average of $18.14. Genie Energy Ltd. has a 12 month low of $13.05 and a 12 month high of $28.47. The stock has a market cap of $400.38 million, a price-to-earnings ratio of 107.28 and a beta of 0.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.99 and a quick ratio of 1.85.
Genie Energy (NYSE:GNE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter. Genie Energy had a return on equity of 6.40% and a net margin of 1.82%.
Genie Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Monday, August 11th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.30 annualized dividend and a yield of 2.0%. Genie Energy's dividend payout ratio (DPR) is currently 214.29%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Genie Energy from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 17th.
Check Out Our Latest Analysis on Genie Energy
Genie Energy Profile
(
Free Report)
Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.
Read More
Before you consider Genie Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genie Energy wasn't on the list.
While Genie Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
