KLP Kapitalforvaltning AS Invests $296,000 in Genie Energy Ltd. (NYSE:GNE)

KLP Kapitalforvaltning AS purchased a new stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,000 shares of the oil and gas producer's stock, valued at approximately $296,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Genie Energy at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Genie Energy in the 4th quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new position in shares of Genie Energy in the fourth quarter worth $107,000. Barclays PLC increased 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 worth $334,000 after acquiring an additional 14,455 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 1,566 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 valued at $682,000 after purchasing an additional 1,891 shares during the last quarter. 49.15% of the stock is owned by institutional investors and hedge funds.

Genie Energy Stock Up 0.0 %

NYSE:GNE traded up $0.00 during mid-day trading on Friday, reaching $14.83. The stock had a trading volume of 39,443 shares, compared to its average volume of 81,595. 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 stock has a market cap of $400.64 million, a P/E ratio of 105.96 and a beta of 0.04. Genie Energy Ltd. has a fifty-two week low of $13.05 and a fifty-two week high of $17.93. The business's 50 day moving average is $14.65 and its 200 day moving average is $15.16.

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Genie Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.30 annualized dividend and a dividend yield of 2.02%. Genie Energy's dividend payout ratio (DPR) is presently 214.29%.

Analyst Ratings Changes

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

Genie Energy Company Profile

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.