Genie Energy (NYSE:GNE) Trading Down 4.3% - Time to Sell?

Genie Energy Ltd. (NYSE:GNE - Get Free Report)'s share price was down 4.3% during trading on Monday . The company traded as low as $21.90 and last traded at $21.93. Approximately 20,386 shares changed hands during trading, a decline of 75% from the average daily volume of 81,918 shares. The stock had previously closed at $22.91.

Analyst Upgrades and Downgrades

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

Genie Energy Stock Up 1.8%

The firm has a market cap of $654.51 million, a P/E ratio of 174.16 and a beta of 0.11. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $17.70 and a 200-day moving average of $15.77.

Genie Energy (NYSE:GNE - Get Free Report) last released its 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 return on equity of 21.48% and a net margin of 0.80%. The business had revenue of $136.81 million for the quarter.

Genie Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 1.23%. Genie Energy's dividend payout ratio is 214.29%.

Insider Buying and Selling at Genie Energy

In other Genie Energy news, Director Allan Sass sold 2,920 shares of the company'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 value of $51,742.40. Following the sale, the director now owns 38,690 shares in the company, valued at $685,586.80. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.40% of the company's stock.

Institutional Trading of Genie Energy

Several institutional investors and hedge funds have recently bought and sold shares of GNE. SG Americas Securities LLC bought a new stake in Genie Energy in the fourth quarter valued at approximately $107,000. Americana Partners LLC grew its position in shares of Genie Energy by 37.8% in the fourth quarter. Americana Partners LLC now owns 159,200 shares of the oil and gas producer's stock valued at $2,482,000 after purchasing an additional 43,655 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Genie Energy by 24.3% in the fourth quarter. Bank of New York Mellon Corp now owns 166,695 shares of the oil and gas producer's stock valued at $2,599,000 after purchasing an additional 32,630 shares during the last quarter. American Century Companies Inc. grew its position in shares of Genie Energy by 4.9% in the fourth quarter. American Century Companies Inc. now owns 33,752 shares of the oil and gas producer's stock valued at $526,000 after purchasing an additional 1,566 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Genie Energy in the fourth quarter valued at approximately $296,000. Institutional investors own 49.15% of the company's stock.

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.