J. Goldman & Co LP increased its position in Genie Energy Ltd. (NYSE:GNE - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 676,268 shares of the oil and gas producer's stock after buying an additional 87,206 shares during the quarter. J. Goldman & Co LP owned about 2.49% of Genie Energy worth $10,543,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Genie Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 1,270,284 shares of the oil and gas producer's stock worth $19,804,000 after purchasing an additional 39,749 shares in the last quarter. Geode Capital Management LLC grew its stake in Genie Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 430,370 shares of the oil and gas producer's stock worth $6,712,000 after purchasing an additional 9,283 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 32,630 shares during the period. Americana Partners LLC boosted its stake in 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 acquiring an additional 43,655 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Genie Energy by 113.1% in the fourth quarter. Martingale Asset Management L P now owns 78,414 shares of the oil and gas producer's stock valued at $1,222,000 after acquiring an additional 41,623 shares during the period. 49.15% of the stock is owned by hedge funds and other institutional investors.
Genie Energy Stock Up 1.7%
NYSE:GNE traded up $0.29 during trading hours on Thursday, reaching $17.75. The company's stock had a trading volume of 108,602 shares, compared to its average volume of 77,243. The company has a market cap of $479.43 million, a price-to-earnings ratio of 126.79 and a beta of -0.02. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $17.93. The business's 50-day moving average is $15.18 and its 200-day moving average is $15.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47.
Genie Energy (NYSE:GNE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.42 EPS for the quarter. Genie Energy had a net margin of 0.80% and a return on equity of 21.48%. The business had revenue of $136.81 million during the quarter.
Genie Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.69%. Genie Energy's dividend payout ratio (DPR) is currently 214.29%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Genie Energy from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th.
View Our Latest Analysis on Genie Energy
Genie Energy Profile
(
Free Report)
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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