Genie Energy Ltd. (NYSE:GNE) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank decreased its holdings in Genie Energy Ltd. (NYSE:GNE) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,824 shares of the oil and gas producer’s stock after selling 3,576 shares during the quarter. Swiss National Bank owned 0.08% of Genie Energy worth $340,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GNE. R Squared Ltd purchased a new stake in shares of 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 worth about $107,000. Barclays PLC boosted its position in 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 acquiring an additional 14,455 shares during the period. Martingale Asset Management L P grew 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 valued at $598,000 after acquiring an additional 5,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Genie Energy by 4.7% in the 3rd 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 period. Institutional investors own 49.15% of the company’s stock.

Genie Energy Stock Down 0.3 %

Shares of GNE stock opened at $15.09 on Monday. The stock’s 50 day simple moving average is $14.50 and its 200 day simple moving average is $15.30. Genie Energy Ltd. has a twelve month low of $13.05 and a twelve month high of $17.93. 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 company has a market capitalization of $407.61 million, a price-to-earnings ratio of 107.80 and a beta of 0.02.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, February 18th. Genie Energy’s dividend payout ratio is 214.29%.

Wall Street Analyst Weigh In

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

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.