UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,122 Shares of Genie Energy Ltd. (NYSE:GNE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,120 shares of the oil and gas producer’s stock after selling 3,122 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Genie Energy worth $359,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd increased its holdings 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 purchasing an additional 2,248 shares in the last quarter. BOKF NA acquired a new stake in Genie Energy in the 2nd quarter valued at approximately $165,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Genie Energy in the 2nd quarter valued at approximately $169,000. Quest Partners LLC acquired a new position in Genie Energy during the 3rd quarter worth approximately $433,000. Finally, Americana Partners LLC bought a new position in shares of Genie Energy during the 2nd quarter worth approximately $408,000. 49.15% of the stock is owned by institutional investors.

Insider Transactions at Genie Energy

In related news, CFO Avi Goldin sold 7,300 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total transaction of $112,566.00. Following the transaction, the chief financial officer now directly owns 127,699 shares in the company, valued at approximately $1,969,118.58. The trade was a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.50% of the company’s stock.

Genie Energy Price Performance

NYSE GNE opened at $14.48 on Friday. Genie Energy Ltd. has a 12-month low of $14.00 and a 12-month high of $30.90. The firm’s 50 day moving average is $15.63 and its 200-day moving average is $15.85. The company has a market capitalization of $393.86 million, a PE ratio of 103.44 and a beta of 0.07. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01.

Genie Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.30 annualized dividend and a yield of 2.07%. Genie Energy’s dividend payout ratio (DPR) is presently 214.29%.

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.