Genie Energy (NYSE:GNE) Cut to Buy at Wall Street Zen

Key Points

• Genie Energy was downgraded by Wall Street Zen from a "strong-buy" to a "buy," while Weiss Ratings reissued a "hold (c)" and MarketBeat shows the stock's consensus as Hold.
• Shares opened at $13.57 with a market cap of about $359.7 million and a P/E of 16.97, trading near its 1‑year low ($13.27) and below its 50‑ and 200‑day moving averages (~$14.25/$14.57).
• Institutional investors own roughly 49.15% of the stock, and several funds (e.g., Ameritas, Strs Ohio, First Trust) modestly increased their positions in recent quarters.

Genie Energy (NYSE:GNE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Genie Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Genie Energy has an average rating of "Hold".

Genie Energy Price Performance

Shares of NYSE:GNE opened at $13.57 on Friday. The firm has a market cap of $359.66 million, a price-to-earnings ratio of 16.97 and a beta of 0.11. Genie Energy has a 1 year low of $13.27 and a 1 year high of $28.47. The company has a current ratio of 1.91, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $14.57.

Institutional Investors Weigh In On Genie Energy

Several hedge funds and other institutional investors have recently modified their holdings of GNE. Ameritas Investment Partners Inc. increased its position in Genie Energy by 71.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,171 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 906 shares during the period. Strs Ohio grew its position in Genie Energy by 2.6% in the 4th quarter. Strs Ohio now owns 39,800 shares of the oil and gas producer's stock worth $548,000 after purchasing an additional 1,000 shares during the last quarter. First Trust Advisors LP grew its position in Genie Energy by 1.6% in the 4th quarter. First Trust Advisors LP now owns 66,180 shares of the oil and gas producer's stock worth $912,000 after purchasing an additional 1,049 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Genie Energy by 29.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,691 shares of the oil and gas producer's stock worth $126,000 after purchasing an additional 1,057 shares during the period. Finally, Bailard Inc. raised its position in shares of Genie Energy by 8.5% during the fourth quarter. Bailard Inc. now owns 19,139 shares of the oil and gas producer's stock valued at $264,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 49.15% of the company's stock.

About Genie Energy

Genie Energy Ltd. NYSE: GNE is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel's Shefela basin and Jordan's oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.

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