Charles Schwab Investment Management Inc. Raises Stock Holdings in Genie Energy Ltd. (NYSE:GNE)

Charles Schwab Investment Management Inc. boosted its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,960 shares of the oil and gas producer’s stock after buying an additional 1,891 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.16% of Genie Energy worth $682,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd boosted its position in Genie Energy by 11,831.6% in the 2nd quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 2,248 shares during the period. BOKF NA acquired a new stake in Genie Energy in the 2nd quarter valued at about $165,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Genie Energy in the 2nd quarter valued at about $169,000. Americana Partners LLC acquired a new position in shares of Genie Energy during the second quarter worth about $408,000. Finally, Quest Partners LLC purchased a new stake in shares of Genie Energy during the third quarter worth approximately $433,000. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genie Energy

In other Genie Energy news, CFO Avi Goldin sold 7,300 shares of Genie Energy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total transaction of $112,566.00. Following the transaction, the chief financial officer now owns 127,699 shares of the company’s stock, valued at $1,969,118.58. The trade was a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 16.50% of the company’s stock.

Genie Energy Stock Down 1.9 %

Shares of Genie Energy stock opened at $14.47 on Thursday. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy Ltd. has a 52-week low of $14.00 and a 52-week high of $30.90. The company has a market capitalization of $393.58 million, a P/E ratio of 103.36 and a beta of 0.07. The company has a 50 day moving average of $15.74 and a 200 day moving average of $15.87.

Genie Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Tuesday, November 12th. Genie Energy’s dividend payout ratio (DPR) is 214.29%.

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.