Barclays PLC Purchases 14,455 Shares of Genie Energy Ltd. (NYSE:GNE)

Barclays PLC boosted its position in shares of Genie Energy Ltd. (NYSE:GNE) by 234.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,617 shares of the oil and gas producer’s stock after purchasing an additional 14,455 shares during the period. Barclays PLC owned about 0.08% of Genie Energy worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNE. Allspring Global Investments Holdings LLC grew its stake in Genie Energy by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,676 shares of the oil and gas producer’s stock worth $1,311,000 after acquiring an additional 1,046 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 worth $682,000 after purchasing an additional 1,891 shares in the last quarter. Point72 DIFC Ltd increased its holdings in Genie Energy by 11,831.6% during the 2nd quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 2,248 shares during the period. Martingale Asset Management L P grew its position in shares of 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 buying an additional 5,197 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Genie Energy by 9.4% during the third quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer’s stock valued at $1,069,000 after buying an additional 5,671 shares during the period. 49.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Avi Goldin sold 7,300 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total value of $112,566.00. Following the sale, the chief financial officer now directly owns 127,699 shares of the company’s stock, valued at $1,969,118.58. This represents a 5.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.50% of the company’s stock.

Genie Energy Stock Down 1.1 %

Shares of Genie Energy stock opened at $14.76 on Monday. Genie Energy Ltd. has a 1 year low of $14.00 and a 1 year high of $20.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. The stock has a market cap of $401.44 million, a price-to-earnings ratio of 105.43 and a beta of 0.07. The firm’s 50-day moving average is $15.21 and its two-hundred day moving average is $15.93.

Genie Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.03%. Genie Energy’s payout ratio 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.