12,691 Shares in Genie Energy Ltd. (NYSE:GNE) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Genie Energy Ltd. (NYSE:GNEFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,691 shares of the oil and gas producer’s stock, valued at approximately $357,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Genie Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,190,112 shares of the oil and gas producer’s stock worth $17,530,000 after purchasing an additional 11,434 shares during the last quarter. Bank of New York Mellon Corp grew its position in Genie Energy by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 229,298 shares of the oil and gas producer’s stock valued at $3,378,000 after buying an additional 8,099 shares during the period. Significant Wealth Partners LLC acquired a new stake in Genie Energy during the fourth quarter valued at $4,812,000. Federated Hermes Inc. grew its position in Genie Energy by 63,668.2% during the fourth quarter. Federated Hermes Inc. now owns 126,261 shares of the oil and gas producer’s stock valued at $3,552,000 after buying an additional 126,063 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Genie Energy by 1,299.0% during the fourth quarter. Russell Investments Group Ltd. now owns 91,872 shares of the oil and gas producer’s stock valued at $2,584,000 after buying an additional 85,305 shares during the period. Hedge funds and other 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.

Read Our Latest Research Report on Genie Energy

Genie Energy Stock Performance

GNE stock opened at $15.51 on Monday. The firm has a market cap of $420.80 million, a PE ratio of 31.02 and a beta of 0.17. The firm’s fifty day moving average is $15.51 and its 200 day moving average is $20.09. Genie Energy Ltd. has a one year low of $12.95 and a one year high of $30.90.

Genie Energy (NYSE:GNEGet Free Report) last released its quarterly earnings results on Monday, March 11th. The oil and gas producer reported $0.37 EPS for the quarter. The company had revenue of $104.90 million for the quarter. Genie Energy had a net margin of 2.99% and a return on equity of 24.06%.

Genie Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.93%. Genie Energy’s dividend payout ratio (DPR) is 60.00%.

Genie Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Genie Energy (NYSE:GNE)

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