Martingale Asset Management L P Has $1.22 Million Stock Holdings in Genie Energy Ltd. (NYSE:GNE)

Martingale Asset Management L P raised its stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 113.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,414 shares of the oil and gas producer's stock after purchasing an additional 41,623 shares during the period. Martingale Asset Management L P owned 0.29% of Genie Energy worth $1,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Genie Energy by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer's stock worth $682,000 after buying an additional 1,891 shares during the period. State Street Corp boosted its position in Genie Energy by 2.4% during the third quarter. State Street Corp now owns 520,358 shares of the oil and gas producer's stock valued at $8,456,000 after acquiring an additional 11,981 shares during the last quarter. Jane Street Group LLC grew its holdings in Genie Energy by 9.4% during the 3rd quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer's stock worth $1,069,000 after acquiring an additional 5,671 shares during the period. Barclays PLC raised its position in shares of Genie Energy by 234.6% in the 3rd quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer's stock worth $334,000 after acquiring an additional 14,455 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Genie Energy by 4.4% in the third quarter. Geode Capital Management LLC now owns 421,087 shares of the oil and gas producer's stock worth $6,844,000 after purchasing an additional 17,613 shares in the last quarter. 49.15% of the stock is owned by institutional investors and hedge funds.

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Genie Energy Stock Up 0.3 %

GNE traded up $0.04 during midday trading on Tuesday, hitting $15.14. The company had a trading volume of 46,288 shares, compared to its average volume of 81,038. The company has a market capitalization of $408.93 million, a price-to-earnings ratio of 108.15 and a beta of 0.04. The stock's 50 day moving average price is $14.67 and its 200 day moving average price is $15.15. 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 52 week low of $13.05 and a 52 week high of $17.93.

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Tuesday, February 18th. Genie Energy's dividend payout ratio (DPR) is currently 214.29%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th.

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.