Genie Energy (NYSE:GNE) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Genie Energy shares crossed below its 200‑day moving average (200‑day MA $14.49), trading as low as $13.98 and last at $14.07 on Monday with a volume of 39,966 shares.
• Quarterly dividend of $0.075 was paid (ex‑dividend and record date Feb 18; paid Feb 26), representing a $0.30 annualized payout, a 2.1% yield and a 37.5% payout ratio.
• Institutional activity picked up in Q1—Goldman Sachs raised its stake by 15.5% and Jane Street boosted holdings 128.9%—with institutions owning about 49.15% of the company.

Genie Energy Ltd. (NYSE:GNE - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.49 and traded as low as $13.98. Genie Energy shares last traded at $14.07, with a volume of 39,966 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on GNE. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Genie Energy in a report on Thursday, January 22nd. Wall Street Zen downgraded Genie Energy from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

Genie Energy Stock Down 0.4%

The firm's 50 day moving average is $14.17 and its two-hundred day moving average is $14.49. The firm has a market cap of $372.78 million, a P/E ratio of 17.59 and a beta of 0.19. The company has a current ratio of 1.91, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.30 annualized dividend and a yield of 2.1%. Genie Energy's dividend payout ratio (DPR) is presently 37.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GNE. Cubist Systematic Strategies LLC bought a new position in Genie Energy during the 1st quarter worth approximately $85,000. Jacobs Levy Equity Management Inc. bought a new position in Genie Energy during the 1st quarter worth approximately $320,000. Dynamic Technology Lab Private Ltd bought a new position in Genie Energy during the 1st quarter worth approximately $239,000. Goldman Sachs Group Inc. boosted its stake in Genie Energy by 15.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 146,364 shares of the oil and gas producer's stock worth $2,203,000 after acquiring an additional 19,671 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Genie Energy by 128.9% during the 1st quarter. Jane Street Group LLC now owns 45,372 shares of the oil and gas producer's stock worth $683,000 after acquiring an additional 25,548 shares during the last quarter. Institutional investors own 49.15% of the company's stock.

Genie Energy Company Profile

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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