Genie Energy (NYSE:GNE) Stock Rating Upgraded by StockNews.com

Genie Energy (NYSE:GNE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Genie Energy Stock Down 1.1 %

Shares of NYSE:GNE opened at $14.10 on Wednesday. Genie Energy has a 52-week low of $13.05 and a 52-week high of $17.93. The stock has a market cap of $383.38 million, a P/E ratio of 100.69 and a beta of 0.02. The business’s 50 day moving average is $14.56 and its 200 day moving average is $15.48. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01.

Institutional Trading of Genie Energy

A number of hedge funds have recently bought and sold shares of GNE. R Squared Ltd purchased a new stake in Genie Energy during the fourth quarter worth $37,000. SG Americas Securities LLC purchased a new stake in Genie Energy during the fourth quarter worth $107,000. Wells Fargo & Company MN lifted its holdings in Genie Energy by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 1,699 shares during the period. PDT Partners LLC purchased a new stake in Genie Energy during the fourth quarter worth $174,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Genie Energy during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 49.15% 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.