Genie Energy Ltd. (NYSE:GNE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 118.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 94,324 shares of the oil and gas producer's stock after acquiring an additional 51,160 shares during the period. Cerity Partners LLC owned about 0.35% of Genie Energy worth $1,533,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Genie Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,242,612 shares of the oil and gas producer's stock worth $18,739,000 after buying an additional 12,806 shares in the last quarter. Americana Partners LLC grew its holdings in shares of Genie Energy by 313.8% during the third quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer's stock worth $1,878,000 after buying an additional 87,625 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Genie Energy by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 80,676 shares of the oil and gas producer's stock worth $1,311,000 after buying an additional 1,046 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Genie Energy by 102.5% during the second quarter. AQR Capital Management LLC now owns 76,309 shares of the oil and gas producer's stock worth $1,116,000 after buying an additional 38,632 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Genie Energy by 269.5% during the third quarter. GSA Capital Partners LLP now owns 61,871 shares of the oil and gas producer's stock worth $1,005,000 after buying an additional 45,125 shares in the last quarter. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Genie Energy

In other Genie Energy news, CFO Avi Goldin sold 2,300 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total value of $39,537.00. Following the transaction, the chief financial officer now owns 134,999 shares of the company's stock, valued at $2,320,632.81. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James A. Courter sold 3,675 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.25. Following the completion of the transaction, the director now directly owns 304,411 shares in the company, valued at $5,232,825.09. The trade was a 1.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,275 shares of company stock valued at $215,276. 16.50% of the stock is owned by company insiders.

Genie Energy Price Performance

Shares of Genie Energy stock traded down $0.18 during trading hours on Wednesday, reaching $14.75. 62,124 shares of the company's stock were exchanged, compared to its average volume of 114,012. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy Ltd. has a 1 year low of $14.00 and a 1 year high of $30.90. The business has a fifty day moving average of $16.05 and a two-hundred day moving average of $15.91. The company has a market capitalization of $401.20 million, a P/E ratio of 106.65 and a beta of 0.07.

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, November 12th. Genie Energy's dividend payout ratio is currently 214.30%.

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.