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

Barclays PLC boosted its holdings in Genie Energy Ltd. (NYSE:GNE) by 234.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,617 shares of the oil and gas producer’s stock after buying an additional 14,455 shares during the quarter. Barclays PLC owned 0.08% of Genie Energy worth $334,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GNE. Principal Financial Group Inc. grew its position in Genie Energy by 10.0% in the second quarter. Principal Financial Group Inc. now owns 32,355 shares of the oil and gas producer’s stock worth $473,000 after buying an additional 2,941 shares during the last quarter. BOKF NA purchased a new position in Genie Energy during the 2nd quarter worth approximately $165,000. Marshall Wace LLP purchased a new position in Genie Energy during the 2nd quarter worth approximately $537,000. Point72 DIFC Ltd grew its position 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. Finally, Cubist Systematic Strategies LLC grew its position in Genie Energy by 214.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 59,776 shares of the oil and gas producer’s stock worth $874,000 after purchasing an additional 40,752 shares in the last quarter. Institutional investors and hedge funds own 49.15% of the company’s stock.

Insiders Place Their Bets

In other Genie Energy news, CFO Avi Goldin sold 7,300 shares of Genie Energy 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 completion of the sale, the chief financial officer now owns 127,699 shares of the company’s stock, valued at $1,969,118.58. This trade represents a 5.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 16.50% of the company’s stock.

Genie Energy Trading Up 0.8 %

NYSE GNE opened at $15.59 on Friday. Genie Energy Ltd. has a twelve month low of $14.00 and a twelve month high of $29.56. 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 stock has a market cap of $424.05 million, a price-to-earnings ratio of 111.37 and a beta of 0.07. The firm’s 50 day moving average price is $15.44 and its two-hundred day moving average price is $15.90.

Genie Energy Dividend Announcement

The company also recently disclosed 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. This represents a $0.30 annualized dividend and a yield of 1.92%. The ex-dividend date was Tuesday, November 12th. Genie Energy’s payout ratio is 214.30%.

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.