Genie Energy Ltd. (NYSE:GNE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Genie Energy Ltd. (NYSE:GNE) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,909 shares of the oil and gas producer’s stock after selling 1,300 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Genie Energy worth $591,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Genie Energy in the fourth quarter valued at $37,000. SG Americas Securities LLC purchased a new stake in Genie Energy in the 4th quarter valued at approximately $107,000. Barclays PLC boosted its position in shares of Genie Energy by 234.6% during the 3rd 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 in the last quarter. Martingale Asset Management L P grew its position in Genie Energy by 16.4% during the third quarter. Martingale Asset Management L P now owns 36,791 shares of the oil and gas producer’s stock worth $598,000 after buying an additional 5,197 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 during the last quarter. Institutional investors and hedge funds own 49.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Genie Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th.

Genie Energy Trading Down 0.3 %

Shares of GNE opened at $15.09 on Monday. The stock has a market cap of $407.61 million, a PE ratio of 107.80 and a beta of 0.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. Genie Energy Ltd. has a 12 month low of $13.05 and a 12 month high of $17.93. The stock’s 50-day moving average is $14.50 and its two-hundred day moving average is $15.30.

Genie Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.99%. Genie Energy’s dividend payout ratio is presently 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.