Genie Energy Ltd. (NYSE:GNE) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Genie Energy Ltd. (NYSE:GNE) by 234.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,617 shares of the oil and gas producer’s stock after buying an additional 14,455 shares during the quarter. Barclays PLC’s holdings in Genie Energy were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GNE. Geode Capital Management LLC raised its position in Genie Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 421,087 shares of the oil and gas producer’s stock worth $6,844,000 after acquiring an additional 17,613 shares during the period. Jane Street Group LLC increased its stake in shares of Genie Energy by 9.4% during the third quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer’s stock worth $1,069,000 after purchasing an additional 5,671 shares in the last quarter. State Street Corp raised its position in shares of Genie Energy by 2.4% during the 3rd quarter. State Street Corp now owns 520,358 shares of the oil and gas producer’s stock worth $8,456,000 after purchasing an additional 11,981 shares during the last quarter. Martingale Asset Management L P lifted its stake in Genie Energy by 16.4% in the 3rd quarter. Martingale Asset Management L P now owns 36,791 shares of the oil and gas producer’s stock valued at $598,000 after buying an additional 5,197 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Genie Energy by 118.5% in the 3rd quarter. Cerity Partners LLC now owns 94,324 shares of the oil and gas producer’s stock valued at $1,533,000 after buying an additional 51,160 shares in the last quarter. Hedge funds and other institutional investors own 49.15% of the company’s stock.

Genie Energy Price Performance

NYSE:GNE opened at $14.76 on Monday. The stock has a 50 day moving average of $15.21 and a two-hundred day moving average of $15.93. Genie Energy Ltd. has a 12 month low of $14.00 and a 12 month high of $20.34. The firm has a market cap of $401.44 million, a P/E ratio of 105.43 and a beta of 0.07. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01.

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, November 12th. Genie Energy’s dividend payout ratio is currently 214.29%.

Insider Buying and Selling at Genie Energy

In related news, CFO Avi Goldin sold 7,300 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of the sale, the chief financial officer now owns 127,699 shares of the company’s stock, valued at approximately $1,969,118.58. This trade represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.50% of the stock is currently owned by insiders.

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.