Genie Energy (NYSE:GNE) Stock Passes Below 200-Day Moving Average of $20.71

Shares of Genie Energy Ltd. (NYSE:GNE - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.71 and traded as low as $15.51. Genie Energy shares last traded at $15.57, with a volume of 104,405 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genie Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 13th.

Genie Energy Price Performance

The firm has a market capitalization of $411.49 million, a P/E ratio of 20.32 and a beta of 0.17. The stock's 50 day moving average is $17.22 and its two-hundred day moving average is $20.71.

Genie Energy (NYSE:GNE - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The oil and gas producer reported $0.37 earnings per share for the quarter. The business had revenue of $104.90 million during the quarter. Genie Energy had a net margin of 4.56% and a return on equity of 25.39%.

Genie Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, February 16th. Genie Energy's dividend payout ratio (DPR) is 40.54%.

Institutional Investors Weigh In On Genie Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Koss Olinger Consulting LLC increased its stake in Genie Energy by 3.6% in the first quarter. Koss Olinger Consulting LLC now owns 18,396 shares of the oil and gas producer's stock valued at $254,000 after purchasing an additional 639 shares in the last quarter. UBS Group AG increased its stake in Genie Energy by 42.4% in the first quarter. UBS Group AG now owns 3,417 shares of the oil and gas producer's stock valued at $47,000 after purchasing an additional 1,017 shares in the last quarter. First Trust Advisors LP increased its stake in Genie Energy by 2.3% in the fourth quarter. First Trust Advisors LP now owns 59,657 shares of the oil and gas producer's stock valued at $1,678,000 after purchasing an additional 1,326 shares in the last quarter. Geode Capital Management LLC increased its stake in Genie Energy by 0.8% in the first quarter. Geode Capital Management LLC now owns 184,463 shares of the oil and gas producer's stock valued at $2,549,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Genie Energy by 7.4% in the third quarter. Rhumbline Advisers now owns 22,015 shares of the oil and gas producer's stock valued at $324,000 after purchasing an additional 1,512 shares in the last quarter. 49.15% of the stock is owned by institutional investors.

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.