Genie Energy (NYSE:GNE) Reaches New 1-Year High - Should You Buy?

Genie Energy Ltd. (NYSE:GNE - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.40 and last traded at $25.15, with a volume of 56280 shares trading hands. The stock had previously closed at $24.91.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Genie Energy from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th.

Genie Energy Price Performance

The stock has a market cap of $667.12 million, a P/E ratio of 177.51 and a beta of 0.12. The firm has a 50-day moving average price of $17.91 and a 200-day moving average price of $15.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56.

Genie Energy (NYSE:GNE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter. Genie Energy had a net margin of 0.80% and a return on equity of 21.48%. The company had revenue of $136.81 million during the quarter.

Genie Energy Announces Dividend

The company 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. The ex-dividend date was Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. Genie Energy's payout ratio is currently 214.29%.

Insider Activity at Genie Energy

In related news, Director Allan Sass sold 2,920 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 38,690 shares in the company, valued at approximately $685,586.80. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in Genie Energy in the 1st quarter worth approximately $500,000. Jane Street Group LLC boosted its holdings in shares of Genie Energy by 128.9% in the 1st quarter. Jane Street Group LLC now owns 45,372 shares of the oil and gas producer's stock worth $683,000 after purchasing an additional 25,548 shares during the period. Ascent Group LLC bought a new stake in Genie Energy in the first quarter worth $158,000. Goldman Sachs Group Inc. boosted its stake in Genie Energy by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 146,364 shares of the oil and gas producer's stock worth $2,203,000 after buying an additional 19,671 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Genie Energy in the first quarter valued at $239,000. 49.15% of the stock is owned by hedge funds and other institutional investors.

Genie Energy Company Profile

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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