XTX Topco Ltd acquired a new position in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,743 shares of the oil and gas producer's stock, valued at approximately $292,000. XTX Topco Ltd owned about 0.07% of Genie Energy at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Genie Energy in the 4th quarter valued at about $37,000. SG Americas Securities LLC bought a new stake in shares of Genie Energy in the 4th quarter valued at about $107,000. Wells Fargo & Company MN raised its holdings in shares of Genie Energy by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer's stock valued at $120,000 after purchasing an additional 1,699 shares during the period. Pictet Asset Management Holding SA bought a new stake in shares of Genie Energy in the 4th quarter valued at about $209,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Genie Energy in the 4th quarter valued at about $256,000. 49.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th.
Get Our Latest Analysis on Genie Energy
Genie Energy Stock Performance
Genie Energy stock traded down $0.38 during trading hours on Wednesday, hitting $14.70. The company had a trading volume of 64,375 shares, compared to its average volume of 78,642. The firm has a market cap of $397.05 million, a PE ratio of 105.01 and a beta of 0.04. 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 Ltd. has a one year low of $13.05 and a one year high of $17.93. The firm has a 50-day moving average of $14.82 and a 200 day moving average of $15.07.
Genie Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.30 annualized dividend and a yield of 2.04%. Genie Energy's dividend payout ratio is currently 214.29%.
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.
Further Reading
Before you consider Genie Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genie Energy wasn't on the list.
While Genie Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
