UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Genie Energy Ltd. (NYSE:GNE - Free Report) by 112.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,057 shares of the oil and gas producer's stock after purchasing an additional 24,937 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Genie Energy worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Genie Energy during the 4th quarter valued at about $107,000. Wells Fargo & Company MN increased its position in shares of Genie Energy by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer's stock valued at $120,000 after acquiring an additional 1,699 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Genie Energy during the fourth quarter valued at approximately $174,000. Pictet Asset Management Holding SA purchased a new position in Genie Energy in the 4th quarter worth approximately $209,000. Finally, Deutsche Bank AG lifted its position in Genie Energy by 4,503.7% in the 4th quarter. Deutsche Bank AG now owns 13,673 shares of the oil and gas producer's stock valued at $213,000 after acquiring an additional 13,376 shares in the last quarter. Institutional investors own 49.15% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Genie Energy from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th.
Read Our Latest Stock Report on GNE
Genie Energy Stock Performance
Shares of GNE stock traded up $0.01 during trading hours on Thursday, reaching $23.97. The company had a trading volume of 18,158 shares, compared to its average volume of 83,079. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The business has a fifty day moving average price of $17.51 and a 200-day moving average price of $15.71. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $24.25. The firm has a market cap of $643.50 million, a PE ratio of 171.23 and a beta of 0.11.
Genie Energy (NYSE:GNE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 EPS for the quarter. The business had revenue of $136.81 million during the quarter. Genie Energy had a net margin of 0.80% and a return on equity of 21.48%.
Genie Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, May 19th. Genie Energy's payout ratio is 214.29%.
Insider Activity at Genie Energy
In other Genie Energy news, Director Allan Sass sold 2,920 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $17.72, for a total transaction of $51,742.40. Following the completion of the sale, the director now owns 38,690 shares of the company's stock, valued at approximately $685,586.80. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.40% of the stock is currently owned by company insiders.
About Genie Energy
(
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.
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