Genie Energy (GNE) Stock Price, News & Analysis

$16.15
+0.05 (+0.31%)
(As of 04/23/2024 ET)
Today's Range
$16.14
$16.48
50-Day Range
$14.76
$18.93
52-Week Range
$12.95
$30.90
Volume
92,208 shs
Average Volume
172,509 shs
Market Capitalization
$441.86 million
P/E Ratio
21.82
Dividend Yield
1.86%
Price Target
N/A

Genie Energy MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
5.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.56
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.87 out of 5 stars

Utilities Sector

79th out of 87 stocks

Electric & Other Services Combined Industry

17th out of 17 stocks

GNE stock logo

About Genie Energy Stock (NYSE:GNE)

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. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

GNE Stock Price History

GNE Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Genie Energy: Q4 Earnings Snapshot
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
GNE Mar 2024 5.000 call
GNE Mar 2024 20.000 put
GNE Feb 2024 17.500 call
Genie Energy Announces Dividend for Stockholders
Genie Energy Unveils Insurance Strategy
GNE Dec 2023 17.500 call
GNE Jan 2024 30.000 put
GNE Dec 2023 15.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 2/28 Dividend
2/16/2024
Dividend Payable
2/28/2024
Last Earnings
3/11/2024
Today
4/24/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
37228420
Employees
198
Year Founded
N/A

Profitability

Net Income
$19.54 million
Pretax Margin
4.22%

Debt

Sales & Book Value

Annual Sales
$428.71 million
Cash Flow
$1.78 per share
Book Value
$6.73 per share

Miscellaneous

Free Float
22,846,000
Market Cap
$441.86 million
Optionable
Optionable
Beta
0.17

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Key Executives

  • Mr. Michael M. Stein (Age 40)
    Chief Executive Officer
    Comp: $1.91M
  • Mr. Avi Goldin (Age 47)
    Chief Financial Officer
    Comp: $1.15M
  • Mr. Bill Ulrey
    Vice President of Investor Relations & External Affairs
  • Ms. Joyce J. Mason Esq. (Age 65)
    Corporate Secretary & Director
  • Mr. Efraim Eitam
    President of Genie Oil & Gas
  • Mr. Alan Schwab
    President & COO of Genie Retail Energy, Inc.

GNE Stock Analysis - Frequently Asked Questions

How have GNE shares performed in 2024?

Genie Energy's stock was trading at $28.13 at the beginning of the year. Since then, GNE stock has decreased by 42.6% and is now trading at $16.15.
View the best growth stocks for 2024 here
.

Are investors shorting Genie Energy?

Genie Energy saw a drop in short interest in March. As of March 15th, there was short interest totaling 775,300 shares, a drop of 6.9% from the February 29th total of 832,700 shares. Based on an average daily trading volume, of 177,000 shares, the short-interest ratio is currently 4.4 days. Currently, 5.9% of the company's stock are short sold.
View Genie Energy's Short Interest
.

When is Genie Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our GNE earnings forecast
.

How were Genie Energy's earnings last quarter?

Genie Energy Ltd. (NYSE:GNE) posted its quarterly earnings data on Monday, March, 11th. The oil and gas producer reported $0.37 earnings per share for the quarter. The oil and gas producer earned $104.90 million during the quarter. Genie Energy had a net margin of 4.56% and a trailing twelve-month return on equity of 25.39%.

How often does Genie Energy pay dividends? What is the dividend yield for Genie Energy?

Genie Energy announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.075 per share on Wednesday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for GNE
.

Is Genie Energy a good dividend stock?

Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 40.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GNE.

What ETFs hold Genie Energy's stock?

ETFs with the largest weight of Genie Energy (NYSE:GNE) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Hartford Multifactor Small Cap ETF (ROSC).

What is Marc England's approval rating as Genie Energy's CEO?

9 employees have rated Genie Energy Chief Executive Officer Marc England on Glassdoor.com. Marc England has an approval rating of 100% among the company's employees. This puts Marc England in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Genie Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genie Energy investors own include Energy Transfer (ET), New Residential Investment (NRZ), Transocean (RIG), Capital Product Partners (CPLP), Enterprise Products Partners (EPD), Freeport-McMoRan (FCX), General Electric (GE), GasLog (GLOG), Schlumberger (SLB) and AT&T (T).

Who are Genie Energy's major shareholders?

Genie Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.26%) and Denali Advisors LLC (0.03%). Insiders that own company stock include Alan B Rosenthal, Avi Goldin, James A Courter and Joyce J Mason.
View institutional ownership trends
.

How do I buy shares of Genie Energy?

Shares of GNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GNE) was last updated on 4/24/2024 by MarketBeat.com Staff

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