Genie Energy (NYSE:GNE) Stock Price Passes Below 200-Day Moving Average of $20.71

Genie Energy Ltd. (NYSE:GNE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.71 and traded as low as $15.51. Genie Energy shares last traded at $15.57, with a volume of 104,405 shares trading hands.

Wall Street Analysts Forecast Growth

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

Genie Energy Stock Up 0.7 %

The business’s fifty day moving average price is $17.31 and its 200 day moving average price is $20.71. The firm has a market capitalization of $426.00 million, a PE ratio of 21.04 and a beta of 0.17.

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

Genie Energy Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, February 16th. Genie Energy’s dividend payout ratio is currently 40.54%.

Institutional Investors Weigh In On Genie Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of 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 worth $31,000 after acquiring an additional 2,102 shares in the last quarter. UBS Group AG increased its holdings in Genie Energy by 42.4% in the 1st quarter. UBS Group AG now owns 3,417 shares of the oil and gas producer’s stock valued at $47,000 after purchasing an additional 1,017 shares in the last quarter. FMR LLC raised its position in Genie Energy by 450.0% in the third quarter. FMR LLC now owns 4,026 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 3,294 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Genie Energy by 147.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,717 shares of the oil and gas producer’s stock worth $76,000 after purchasing an additional 1,620 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Genie Energy in the second quarter worth about $93,000. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Genie Energy Company 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.