American Century Companies Inc. Has $496,000 Position in Genie Energy Ltd. $GNE

American Century Companies Inc. lowered its position in shares of Genie Energy Ltd. (NYSE:GNE) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,938 shares of the oil and gas producer’s stock after selling 814 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of Genie Energy worth $496,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GNE. Wells Fargo & Company MN increased its holdings in shares of Genie Energy by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 1,699 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Genie Energy by 4,503.7% during the fourth quarter. Deutsche Bank AG now owns 13,673 shares of the oil and gas producer’s stock worth $213,000 after buying an additional 13,376 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Genie Energy by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,701 shares of the oil and gas producer’s stock valued at $230,000 after purchasing an additional 3,119 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Genie Energy during the 4th quarter valued at $238,000. Finally, Significant Wealth Partners LLC increased its holdings in Genie Energy by 20.6% during the 1st quarter. Significant Wealth Partners LLC now owns 15,668 shares of the oil and gas producer’s stock valued at $236,000 after purchasing an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 49.15% of the company’s stock.

Genie Energy Stock Up 0.5%

NYSE GNE opened at $15.12 on Friday. The stock has a fifty day moving average of $19.16 and a 200-day moving average of $18.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.99. The stock has a market capitalization of $403.94 million, a P/E ratio of 108.02 and a beta of 0.10. Genie Energy Ltd. has a 52 week low of $13.05 and a 52 week high of $28.47.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.11 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Monday, August 11th were given a dividend of $0.075 per share. The ex-dividend date was Monday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. Genie Energy’s payout ratio is currently 214.29%.

Analyst Ratings Changes

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

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.