Genie Energy Ltd. (NYSE:GNE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in Genie Energy Ltd. (NYSE:GNE) by 118.5% during the third quarter, Holdings Channel.com reports. The firm owned 94,324 shares of the oil and gas producer’s stock after acquiring an additional 51,160 shares during the period. Cerity Partners LLC’s holdings in Genie Energy were worth $1,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd raised its stake in Genie Energy by 11,831.6% during the 2nd quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 2,248 shares in the last quarter. BOKF NA purchased a new position in Genie Energy during the 2nd quarter worth $165,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Genie Energy during the 2nd quarter worth $169,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Genie Energy during the 2nd quarter worth $179,000. Finally, Price T Rowe Associates Inc. MD grew its position in Genie Energy by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,359 shares of the oil and gas producer’s stock worth $202,000 after purchasing an additional 1,002 shares during the last quarter. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Genie Energy Trading Down 2.8 %

Shares of Genie Energy stock opened at $14.93 on Wednesday. Genie Energy Ltd. has a 1 year low of $14.00 and a 1 year high of $30.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The company has a market capitalization of $406.10 million, a P/E ratio of 106.65 and a beta of 0.07. The company’s fifty day moving average is $16.05 and its two-hundred day moving average is $15.91.

Genie Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 12th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, November 12th. Genie Energy’s payout ratio is 214.30%.

Insider Activity

In other news, Director James A. Courter sold 3,675 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total value of $63,173.25. Following the completion of the transaction, the director now owns 304,411 shares of the company’s stock, valued at $5,232,825.09. The trade was a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00. Following the completion of the transaction, the chief financial officer now directly owns 134,999 shares of the company’s stock, valued at approximately $2,320,632.81. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,275 shares of company stock valued at $215,276 over the last quarter. Corporate insiders own 16.50% of the company’s stock.

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.