SG Americas Securities LLC Purchases Shares of 7,501 Genie Energy Ltd. (NYSE:GNE)

SG Americas Securities LLC purchased a new stake in Genie Energy Ltd. (NYSE:GNE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,501 shares of the oil and gas producer’s stock, valued at approximately $211,000.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Genie Energy by 168.7% in the second quarter. Captrust Financial Advisors now owns 3,348 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 2,102 shares in the last quarter. UBS Group AG lifted its position in shares of Genie Energy by 42.4% in the first quarter. UBS Group AG now owns 3,417 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 1,017 shares in the last quarter. FMR LLC lifted its position in shares of Genie Energy by 450.0% in the third quarter. FMR LLC now owns 4,026 shares of the oil and gas producer’s stock worth $59,000 after purchasing an additional 3,294 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of Genie Energy in the second quarter worth $93,000. Finally, Royal Bank of Canada bought a new stake in shares of Genie Energy in the second quarter worth $107,000. Institutional investors own 49.15% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Genie Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th.

Genie Energy Stock Up 0.3 %

Shares of GNE stock opened at $15.34 on Friday. The company’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $20.64. The firm has a market cap of $419.70 million, a PE ratio of 20.73 and a beta of 0.17. Genie Energy Ltd. has a 12 month low of $12.95 and a 12 month high of $30.90.

Genie Energy (NYSE:GNE) last issued its earnings results on Monday, March 11th. The oil and gas producer reported $0.37 earnings per share for the quarter. The business had revenue of $104.90 million for the quarter. Genie Energy had a net margin of 4.56% and a return on equity of 25.39%.

Genie Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. Genie Energy’s payout ratio is 40.54%.

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.