Genie Energy Ltd. (NYSE:GNE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,293 shares of the oil and gas producer’s stock after selling 21,383 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.22% of Genie Energy worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Genie Energy by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer’s stock valued at $682,000 after purchasing an additional 1,891 shares in the last quarter. R Squared Ltd acquired a new position in shares of Genie Energy in the 4th quarter valued at $37,000. Martingale Asset Management L P boosted its stake in Genie Energy by 16.4% during the 3rd quarter. Martingale Asset Management L P now owns 36,791 shares of the oil and gas producer’s stock worth $598,000 after purchasing an additional 5,197 shares during the period. Jane Street Group LLC boosted its stake in Genie Energy by 9.4% during the 3rd 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 during the period. Finally, SG Americas Securities LLC acquired a new stake in Genie Energy during the 4th quarter worth $107,000. Institutional investors and hedge funds own 49.15% of the company’s stock.

Genie Energy Stock Down 1.1 %

Shares of Genie Energy stock opened at $14.12 on Monday. The company has a market cap of $383.98 million, a P/E ratio of 100.84 and a beta of 0.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. Genie Energy Ltd. has a one year low of $13.92 and a one year high of $19.64. The firm has a fifty day moving average of $14.69 and a two-hundred day moving average of $15.61.

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.30 dividend on an annualized basis and a yield of 2.13%. Genie Energy’s payout ratio is currently 214.29%.

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.