Americana Partners LLC boosted its holdings in Genie Energy Ltd. (NYSE:GNE - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,200 shares of the oil and gas producer's stock after purchasing an additional 43,655 shares during the period. Americana Partners LLC owned about 0.59% of Genie Energy worth $2,482,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Genie Energy during the 4th quarter valued at $37,000. SG Americas Securities LLC purchased a new position in shares of Genie Energy during the 4th quarter valued at $107,000. Barclays PLC lifted its position in shares of Genie Energy by 234.6% during the 3rd quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer's stock valued at $334,000 after buying an additional 14,455 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Genie Energy during the 3rd quarter valued at $433,000. Finally, Martingale Asset Management L P lifted its position in shares of Genie Energy by 16.4% during the 3rd quarter. Martingale Asset Management L P now owns 36,791 shares of the oil and gas producer's stock valued at $598,000 after buying an additional 5,197 shares during the last quarter. Hedge funds and other institutional investors own 49.15% of the company's stock.
Genie Energy Stock Performance
Shares of NYSE GNE traded down $0.16 during trading on Friday, reaching $14.12. 99,831 shares of the stock traded hands, compared to its average volume of 57,224. Genie Energy Ltd. has a 52-week low of $13.92 and a 52-week high of $19.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. The company has a 50-day moving average of $14.69 and a 200-day moving average of $15.61. The stock has a market capitalization of $383.98 million, a P/E ratio of 100.84 and a beta of 0.06.
Genie Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.30 dividend on an annualized basis and a yield of 2.13%. Genie Energy's dividend payout ratio (DPR) is 214.30%.
About Genie Energy
(
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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