WINTON GROUP Ltd grew its position in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 207.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,564 shares of the oil and gas producer's stock after acquiring an additional 25,329 shares during the quarter. WINTON GROUP Ltd owned 0.14% of Genie Energy worth $586,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Genie Energy in the fourth quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new stake in shares of Genie Energy in the 4th quarter valued at approximately $107,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Genie Energy in the 4th quarter valued at approximately $296,000. Barclays PLC grew its stake in shares of Genie Energy by 234.6% in the third 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 in the last quarter. Finally, American Century Companies Inc. increased its holdings in Genie Energy by 4.9% during the fourth quarter. American Century Companies Inc. now owns 33,752 shares of the oil and gas producer's stock worth $526,000 after buying an additional 1,566 shares during the last quarter. Institutional investors and hedge funds own 49.15% of the company's stock.
Genie Energy Stock Performance
Shares of GNE stock traded up $0.02 during midday trading on Thursday, hitting $15.31. 8,200 shares of the company were exchanged, compared to its average volume of 68,967. The firm's 50 day moving average price is $14.55 and its two-hundred day moving average price is $15.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The firm has a market capitalization of $413.52 million, a P/E ratio of 109.36 and a beta of 0.02. Genie Energy Ltd. has a 52 week low of $13.05 and a 52 week high of $17.93.
Genie Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Genie Energy's dividend payout ratio is 214.29%.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th.
Read Our Latest Research Report on GNE
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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