Americana Partners LLC Boosts Stock Holdings in Genie Energy Ltd. (NYSE:GNE)

Americana Partners LLC increased its holdings in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 313.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,545 shares of the oil and gas producer's stock after purchasing an additional 87,625 shares during the quarter. Americana Partners LLC owned approximately 0.43% of Genie Energy worth $1,878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GNE. Vanguard Group Inc. grew its holdings in Genie Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,242,612 shares of the oil and gas producer's stock valued at $18,739,000 after buying an additional 12,806 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Genie Energy by 8.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 210,641 shares of the oil and gas producer's stock valued at $3,176,000 after purchasing an additional 16,700 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Genie Energy by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,676 shares of the oil and gas producer's stock valued at $1,311,000 after purchasing an additional 1,046 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Genie Energy by 102.5% in the 2nd quarter. AQR Capital Management LLC now owns 76,309 shares of the oil and gas producer's stock valued at $1,116,000 after purchasing an additional 38,632 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Genie Energy by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,054 shares of the oil and gas producer's stock valued at $981,000 after purchasing an additional 6,001 shares during the last quarter. Hedge funds and other institutional investors own 49.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Genie Energy from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st.

Genie Energy Trading Down 1.7 %

Shares of GNE stock traded down $0.27 on Friday, reaching $15.45. 49,762 shares of the company's stock were exchanged, compared to its average volume of 118,814. Genie Energy Ltd. has a 52 week low of $14.00 and a 52 week high of $30.90. The stock has a market capitalization of $415.45 million, a PE ratio of 53.21 and a beta of 0.08. The company's fifty day simple moving average is $16.47 and its 200 day simple moving average is $15.86.

Genie Energy (NYSE:GNE - Get Free Report) last issued its earnings results on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share for the quarter. The business had revenue of $90.70 million during the quarter. Genie Energy had a return on equity of 23.30% and a net margin of 1.75%.

Genie Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.94%. Genie Energy's dividend payout ratio is presently 103.45%.

Insider Activity

In other news, CFO Avi Goldin sold 2,300 shares of Genie Energy stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total value of $39,537.00. Following the transaction, the chief financial officer now directly owns 134,999 shares in the company, valued at approximately $2,320,632.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Genie Energy news, Director James A. Courter sold 3,675 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.19, for a total transaction of $63,173.25. Following the sale, the director now owns 304,411 shares in the company, valued at approximately $5,232,825.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the business'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 sale, the chief financial officer now owns 134,999 shares in the company, valued at approximately $2,320,632.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.50% of the company's stock.

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.