Genie Energy (NYSE:GNE) Stock Rating Upgraded by Wall Street Zen

Key Points

• Genie Energy’s stock has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting increased investor confidence.
• The company recently reported a quarterly earnings per share of $0.11 along with a return on equity of 6.40% and a net margin of 1.82%.
• Institutional investors hold approximately 49.15% of Genie Energy's stock, with significant stake increases from firms like J. Goldman & Co LP and Geode Capital Management LLC.

Genie Energy (NYSE:GNE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

Genie Energy Stock Performance

NYSE:GNE opened at $15.58 on Friday. The stock's 50-day simple moving average is $22.23 and its 200 day simple moving average is $18.08. The firm has a market capitalization of $418.32 million, a PE ratio of 111.29 and a beta of 0.15. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.04. Genie Energy has a twelve month low of $13.05 and a twelve month high of $28.47.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. J. Goldman & Co LP increased its stake in shares of Genie Energy by 14.8% in the fourth quarter. J. Goldman & Co LP now owns 676,268 shares of the oil and gas producer's stock valued at $10,543,000 after buying an additional 87,206 shares during the period. Geode Capital Management LLC increased its stake in shares of Genie Energy by 22.5% in the second quarter. Geode Capital Management LLC now owns 559,916 shares of the oil and gas producer's stock valued at $15,054,000 after buying an additional 102,702 shares during the period. Americana Partners LLC increased its stake in shares of Genie Energy by 3.9% in the second quarter. Americana Partners LLC now owns 165,355 shares of the oil and gas producer's stock valued at $4,445,000 after buying an additional 6,155 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Genie Energy by 28.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 146,973 shares of the oil and gas producer's stock valued at $3,951,000 after buying an additional 32,894 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Genie Energy by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 146,364 shares of the oil and gas producer's stock valued at $2,203,000 after buying an additional 19,671 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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