Genie Energy Ltd. (NYSE:GNE - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.075 per share by the oil and gas producer on Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, February 18th.
Genie Energy Stock Performance
NYSE GNE traded down $0.02 during trading hours on Monday, hitting $14.39. The company had a trading volume of 39,452 shares, compared to its average volume of 57,810. Genie Energy has a fifty-two week low of $13.94 and a fifty-two week high of $19.64. The firm has a market cap of $391.41 million, a P/E ratio of 102.79 and a beta of 0.06. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $14.77 and a 200-day simple moving average of $15.74.
Insider Buying and Selling
In related news, CFO Avi Goldin sold 7,300 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the sale, the chief financial officer now directly owns 127,699 shares in the company, valued at $1,969,118.58. This trade represents a 5.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.50% of the company's stock.
Genie Energy Company Profile
(
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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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