Genie Energy Ltd. (NYSE:GNE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 63,668.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,261 shares of the oil and gas producer's stock after purchasing an additional 126,063 shares during the quarter. Federated Hermes Inc. owned approximately 0.46% of Genie Energy worth $3,552,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Algert Global LLC increased its holdings in Genie Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 17,330 shares of the oil and gas producer's stock worth $255,000 after purchasing an additional 2,090 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Genie Energy by 10.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 31,943 shares of the oil and gas producer's stock valued at $471,000 after acquiring an additional 3,010 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Genie Energy in the 4th quarter valued at about $164,000. SG Americas Securities LLC purchased a new position in shares of Genie Energy in the 4th quarter valued at about $211,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Genie Energy by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 229,298 shares of the oil and gas producer's stock valued at $3,378,000 after acquiring an additional 8,099 shares during the last quarter. Hedge funds and other institutional investors own 49.15% of the company's stock.

Analyst Upgrades and Downgrades

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

Genie Energy Price Performance

Shares of GNE traded down $0.19 during mid-day trading on Friday, reaching $15.51. The company's stock had a trading volume of 62,974 shares, compared to its average volume of 126,794. Genie Energy Ltd. has a 12-month low of $12.95 and a 12-month high of $30.90. The stock has a market cap of $424.35 million, a PE ratio of 20.96 and a beta of 0.17. The company's 50 day moving average is $16.41 and its 200 day moving average is $20.66.

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

Genie Energy Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.30 dividend on an annualized basis and a yield of 1.93%. Genie Energy's dividend payout ratio is presently 40.54%.

Genie Energy 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.