Geode Capital Management LLC grew its position in shares of Genie Energy Ltd. (NYSE:GNE – Free Report) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421,087 shares of the oil and gas producer’s stock after buying an additional 17,613 shares during the quarter. Geode Capital Management LLC owned approximately 1.57% of Genie Energy worth $6,844,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd boosted its holdings in shares of Genie Energy by 11,831.6% in 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 bought a new position in Genie Energy in the 2nd quarter valued at $165,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Genie Energy in the second quarter worth $169,000. Barclays PLC grew its holdings in shares of Genie Energy by 234.6% during the third quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock worth $334,000 after purchasing an additional 14,455 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Genie Energy during the third quarter worth $433,000. Institutional investors and hedge funds own 49.15% of the company’s stock.
Genie Energy Stock Performance
Genie Energy stock opened at $15.59 on Friday. The stock has a 50-day simple moving average of $15.44 and a 200 day simple moving average of $15.89. The stock has a market capitalization of $424.05 million, a price-to-earnings ratio of 111.37 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 Ltd. has a 12-month low of $14.00 and a 12-month high of $29.56.
Genie Energy Dividend Announcement
Insider Transactions at Genie Energy
In other news, CFO Avi Goldin sold 7,300 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total transaction of $112,566.00. Following the completion of the sale, the chief financial officer now owns 127,699 shares in the company, valued at $1,969,118.58. The trade was a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.50% of the stock is owned by company insiders.
Genie Energy 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.
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