Charles Schwab Investment Management Inc. Raises Position in Genie Energy Ltd. $GNE

Charles Schwab Investment Management Inc. lifted its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,746 shares of the oil and gas producer’s stock after purchasing an additional 2,014 shares during the period. Charles Schwab Investment Management Inc. owned 0.15% of Genie Energy worth $628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GNE. J. Goldman & Co LP increased its holdings in Genie Energy by 14.8% in the 4th quarter. J. Goldman & Co LP now owns 676,268 shares of the oil and gas producer’s stock worth $10,543,000 after acquiring an additional 87,206 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Genie Energy in the 4th quarter worth about $588,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Genie Energy by 112.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,057 shares of the oil and gas producer’s stock worth $734,000 after acquiring an additional 24,937 shares during the last quarter. Bailard Inc. purchased a new stake in Genie Energy in the 1st quarter worth about $338,000. Finally, Two Sigma Investments LP increased its holdings in Genie Energy by 39.7% in the 4th quarter. Two Sigma Investments LP now owns 59,103 shares of the oil and gas producer’s stock worth $921,000 after acquiring an additional 16,788 shares during the last quarter. Hedge funds and other institutional investors own 49.15% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Genie Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 17th.

Genie Energy Stock Down 0.7%

Shares of NYSE:GNE opened at $15.19 on Wednesday. The firm has a fifty day moving average price of $19.91 and a two-hundred day moving average price of $18.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.99 and a quick ratio of 1.85. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $28.47. The company has a market cap of $405.72 million, a price-to-earnings ratio of 108.50 and a beta of 0.10.

Genie Energy (NYSE:GNE) last issued its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter. Genie Energy had a return on equity of 6.40% and a net margin of 1.82%.

Genie Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Monday, August 11th were given a $0.075 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. Genie Energy’s payout ratio is presently 214.29%.

Genie Energy Profile

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.