Genie Energy (NYSE:GNE) Receives "Hold (C)" Rating from Weiss Ratings

Genie Energy (NYSE:GNE - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Genie Energy Stock Performance

NYSE GNE opened at $15.70 on Wednesday. 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 has a 1 year low of $13.05 and a 1 year high of $28.47. The company has a market capitalization of $419.33 million, a PE ratio of 112.14 and a beta of 0.05. The company has a fifty day moving average of $15.86 and a two-hundred day moving average of $18.26.

Genie Energy (NYSE:GNE - Get Free Report) last announced its earnings results on Thursday, August 7th. The oil and gas producer reported $0.11 earnings per share for the quarter. Genie Energy had a net margin of 1.82% and a return on equity of 6.40%.

Hedge Funds Weigh In On Genie Energy

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Genie Energy by 77.0% in the 4th quarter. Bank of America Corp DE now owns 29,880 shares of the oil and gas producer's stock valued at $466,000 after acquiring an additional 13,001 shares during the period. Significant Wealth Partners LLC raised its stake in shares of Genie Energy by 20.6% in 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 acquiring an additional 2,675 shares during the period. Bailard Inc. purchased a new position in shares of Genie Energy in the 1st quarter valued at $338,000. GSA Capital Partners LLP raised its stake in shares of Genie Energy by 3.4% in the 1st quarter. GSA Capital Partners LLP now owns 59,596 shares of the oil and gas producer's stock valued at $897,000 after acquiring an additional 1,948 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Genie Energy by 5.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 41,746 shares of the oil and gas producer's stock valued at $628,000 after acquiring an additional 2,014 shares during the period. Institutional investors and hedge funds own 49.15% of the company's stock.

About Genie Energy

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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