How have GNE shares performed in 2024?

Genie Energy's stock was trading at $28.13 on January 1st, 2024. Since then, GNE shares have decreased by 45.3% and is now trading at $15.39. View the best growth stocks for 2024 here .

Are investors shorting Genie Energy?

Genie Energy saw a drop in short interest in March. As of March 15th, there was short interest totaling 775,300 shares, a drop of 6.9% from the February 29th total of 832,700 shares. Based on an average trading volume of 177,000 shares, the short-interest ratio is presently 4.4 days. Approximately 5.9% of the company's shares are short sold. View Genie Energy's Short Interest .

When is Genie Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our GNE earnings forecast .

How were Genie Energy's earnings last quarter?

Genie Energy Ltd. (NYSE:GNE) posted its quarterly earnings data on Monday, March, 11th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. The oil and gas producer had revenue of $104.90 million for the quarter. Genie Energy had a net margin of 4.56% and a trailing twelve-month return on equity of 25.39%.

How often does Genie Energy pay dividends? What is the dividend yield for Genie Energy?

Genie Energy announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.075 per share on Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, February 16th. Read our dividend analysis for GNE .

Is Genie Energy a good dividend stock?

Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.96%. The dividend payout ratio is 40.54%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for GNE .

What ETFs hold Genie Energy's stock?

ETFs with the largest weight of Genie Energy (NYSE:GNE) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) . Hartford Multifactor Small Cap ETF (ROSC) .

What is Marc England's approval rating as Genie Energy's CEO?

9 employees have rated Genie Energy Chief Executive Officer Marc England on Glassdoor.com . Marc England has an approval rating of 100% among the company's employees. This puts Marc England in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Genie Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genie Energy investors own include Energy Transfer (ET) , New Residential Investment (NRZ) , Transocean (RIG) , Capital Product Partners (CPLP) , Enterprise Products Partners (EPD) , Freeport-McMoRan (FCX) , General Electric (GE) , GasLog (GLOG) , Schlumberger (SLB) and AT&T (T) .

Who are Genie Energy's major shareholders?

Genie Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.26%). Insiders that own company stock include Alan B Rosenthal, Avi Goldin, James A Courter and Joyce J Mason. View institutional ownership trends .

How do I buy shares of Genie Energy?

Shares of GNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:GNE

Genie Energy (GNE) Stock Price, News & Analysis

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$15.39

+0.06 (+0.39%)

(As of 04/18/2024 ET)

Compare

Today's Range: $15.25
▼
$15.51
50-Day Range: $14.76
▼
$18.93
52-Week Range: $12.95
▼
$30.90

Volume: 112,470 shs
Average Volume: 172,533 shs
Market Capitalization: $421.07 million

P/E Ratio: 20.80
Dividend Yield: 1.95%
Price Target: N/A

Get Genie Energy alerts:

Genie Energy MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
5.92% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.56
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.30 out of 5 stars

Utilities Sector

86th out of 90 stocks

Electric & Other Services Combined Industry

18th out of 18 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Genie Energy.

1.0

Short Interest

Percentage of Shares Shorted
5.92% of the float of Genie Energy has been sold short.
Short Interest Ratio / Days to Cover
Genie Energy has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Genie Energy has recently increased by 0.64%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Genie Energy pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Genie Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Genie Energy is 40.54%. This payout ratio is at a healthy, sustainable level, below 75%.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Genie Energy has received a -36.57% net impact score from Upright. The largest negative impact of Genie Energy in category "GHG emissions" seems to be driven mostly by its "Natural gas distribution services", "Electricity trade", and "Oil exploration services" products. See details.
Environmental Sustainability
The Environmental Impact score for Genie Energy is -4.56.

0.6

News and Social Media Coverage

Search Interest
12 people have searched for GNE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Genie Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Genie Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
16.50% of the stock of Genie Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
49.15% of the stock of Genie Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Genie Energy is 20.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Genie Energy is 20.80, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 77.30.
Price to Book Value per Share Ratio
Genie Energy has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Genie Energy Stock (NYSE:GNE)

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. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

GNE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GNE Stock News Headlines

April 9, 2024 | americanbankingnews.com

Genie Energy (NYSE:GNE) Shares Pass Below Two Hundred Day Moving Average of $20.71

March 21, 2024 | globenewswire.com

Sunlight Energy Investments Acquires an Additional Solar Project

April 19, 2024 | InvestorPlace (Ad)

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March 18, 2024 | finance.yahoo.com

Investors in Genie Energy (NYSE:GNE) have seen splendid returns of 160% over the past three years

March 12, 2024 | msn.com

Genie Energy Ltd. (NYSE:GNE) Q4 2023 Earnings Call Transcript

March 11, 2024 | finanznachrichten.de

Genie Energy Ltd.: Genie Energy Announces Fourth Quarter and Full Year 2023 Results

March 11, 2024 | sfgate.com

Genie Energy: Q4 Earnings Snapshot

March 11, 2024 | finance.yahoo.com

Genie Energy Ltd. (GNE) Reports Record Revenue in Q4 and Full Year 2023 Despite Operational Loss

April 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

March 11, 2024 | finance.yahoo.com

Genie Energy Announces Fourth Quarter and Full Year 2023 Results

March 11, 2024 | globenewswire.com

Genie Energy Announces Fourth Quarter and Full Year 2023 Results

March 5, 2024 | globenewswire.com

Genie Energy to Report Fourth Quarter and Full Year 2023 Results

February 28, 2024 | msn.com

Google’s AI, Genie first to be trained exclusively from Internet videos, crafts games

February 26, 2024 | finance.yahoo.com

Why You Should Care About Genie Energy's (NYSE:GNE) Strong Returns On Capital

February 17, 2024 | finance.yahoo.com

GNE Mar 2024 5.000 call

February 17, 2024 | finance.yahoo.com

GNE Mar 2024 20.000 put

February 15, 2024 | seekingalpha.com

Genie Energy: Still Deeply Undervalued Despite Price Increase

February 12, 2024 | ca.finance.yahoo.com

GNE Feb 2024 17.500 call

February 9, 2024 | msn.com

Genie Energy CFO Avi Goldin’s Amended Compensation Deal

February 9, 2024 | markets.businessinsider.com

Genie Energy Announces Dividend for Stockholders

February 9, 2024 | msn.com

Genie Energy: Integrated Financial Insights Enhance Market Position

January 28, 2024 | msn.com

Genie Energy Launches Self-Insurance Subsidiary, Records Charge

January 26, 2024 | finance.yahoo.com

Genie Energy Unveils Insurance Strategy

January 25, 2024 | finance.yahoo.com

Genie Energy Announces Participation in The Microcap Conference

January 22, 2024 | finance.yahoo.com

Will Weakness in Genie Energy Ltd.'s (NYSE:GNE) Stock Prove Temporary Given Strong Fundamentals?

December 14, 2023 | ca.finance.yahoo.com

GNE Dec 2023 17.500 call

December 14, 2023 | ca.finance.yahoo.com

GNE Jan 2024 30.000 put

See More Headlines

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Company Calendar

Ex-Dividend for 2/28 Dividend: 2/16/2024
Dividend Payable: 2/28/2024
Last Earnings: 3/11/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric & other services combined
Sub-Industry: Independent Power Producers & Energy Traders
Current Symbol: NYSE:GNE
CUSIP: 37228420
CIK: 1528356
Web: www.genie.com
Phone: (973) 438-3500
Fax: 973-438-1256
Employees: 198
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.74
Trailing P/E Ratio: 20.80
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $19.54 million
Net Margins: 4.56%
Pretax Margin: 4.22%
Return on Equity: 25.39%
Return on Assets: 15.87%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.34
Quick Ratio: 2.19

Sales & Book Value

Annual Sales: $428.71 million
Price / Sales: 0.98
Cash Flow: $1.76 per share
Price / Cash Flow: 8.72
Book Value: $6.73 per share
Price / Book: 2.29

Miscellaneous

Outstanding Shares: 27,360,000
Free Float: 22,846,000
Market Cap: $421.07 million
Optionable: Optionable
Beta: 0.17

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Key Executives

Mr. Michael M. Stein (Age 40)
Chief Executive Officer
Comp: $1.91M
Mr. Avi Goldin (Age 47)
Chief Financial Officer
Comp: $1.15M
Mr. Bill Ulrey
Vice President of Investor Relations & External Affairs
Ms. Joyce J. Mason Esq. (Age 65)
Corporate Secretary & Director
Mr. Efraim Eitam
President of Genie Oil & Gas
Mr. Alan Schwab
President & COO of Genie Retail Energy, Inc.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GNE Stock Analysis - Frequently Asked Questions

How have GNE shares performed in 2024?: Genie Energy's stock was trading at $28.13 on January 1st, 2024. Since then, GNE shares have decreased by 45.3% and is now trading at $15.39.
View the best growth stocks for 2024 here.
Are investors shorting Genie Energy?: Genie Energy saw a drop in short interest in March. As of March 15th, there was short interest totaling 775,300 shares, a drop of 6.9% from the February 29th total of 832,700 shares. Based on an average trading volume of 177,000 shares, the short-interest ratio is presently 4.4 days. Approximately 5.9% of the company's shares are short sold.
View Genie Energy's Short Interest.
When is Genie Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our GNE earnings forecast.
How were Genie Energy's earnings last quarter?: Genie Energy Ltd. (NYSE:GNE) posted its quarterly earnings data on Monday, March, 11th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. The oil and gas producer had revenue of $104.90 million for the quarter. Genie Energy had a net margin of 4.56% and a trailing twelve-month return on equity of 25.39%.
How often does Genie Energy pay dividends? What is the dividend yield for Genie Energy?: Genie Energy announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.075 per share on Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, February 16th.
Read our dividend analysis for GNE.
Is Genie Energy a good dividend stock?: Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.96%. The dividend payout ratio is 40.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GNE.

What ETFs hold Genie Energy's stock?: ETFs with the largest weight of Genie Energy (NYSE:GNE) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Hartford Multifactor Small Cap ETF (ROSC).
What is Marc England's approval rating as Genie Energy's CEO?: 9 employees have rated Genie Energy Chief Executive Officer Marc England on Glassdoor.com. Marc England has an approval rating of 100% among the company's employees. This puts Marc England in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Genie Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Genie Energy investors own include Energy Transfer (ET), New Residential Investment (NRZ), Transocean (RIG), Capital Product Partners (CPLP), Enterprise Products Partners (EPD), Freeport-McMoRan (FCX), General Electric (GE), GasLog (GLOG), Schlumberger (SLB) and AT&T (T).
Who are Genie Energy's major shareholders?: Genie Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.26%). Insiders that own company stock include Alan B Rosenthal, Avi Goldin, James A Courter and Joyce J Mason.
View institutional ownership trends.
How do I buy shares of Genie Energy?: Shares of GNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GNE) was last updated on 4/19/2024 by MarketBeat.com Staff

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