Vanguard Group Inc. Has $17.53 Million Stake in Genie Energy Ltd. (NYSE:GNE)

Vanguard Group Inc. grew its position in Genie Energy Ltd. (NYSE:GNE) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,190,112 shares of the oil and gas producer’s stock after purchasing an additional 11,434 shares during the quarter. Vanguard Group Inc.’s holdings in Genie Energy were worth $17,530,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GNE. Captrust Financial Advisors grew its position in Genie Energy by 168.7% during the second quarter. Captrust Financial Advisors now owns 3,348 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 2,102 shares in the last quarter. UBS Group AG grew its position in Genie Energy by 42.4% during the first quarter. UBS Group AG now owns 3,417 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 1,017 shares in the last quarter. FMR LLC grew its position in Genie Energy by 450.0% during the third quarter. FMR LLC now owns 4,026 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 3,294 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Genie Energy during the second quarter worth approximately $93,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Genie Energy during the second quarter worth approximately $96,000. Institutional investors and hedge funds own 49.15% of the company’s stock.

Genie Energy Price Performance

NYSE GNE opened at $15.34 on Monday. The business has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $20.72. Genie Energy Ltd. has a fifty-two week low of $12.95 and a fifty-two week high of $30.90. The stock has a market capitalization of $419.70 million, a PE ratio of 20.73 and a beta of 0.17.

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

Genie Energy Announces Dividend

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

Analyst Ratings Changes

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

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.