Genie Energy Ltd. (NYSE:GNE – Get Free Report) Director James A. Courter sold 3,675 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.25. Following the sale, the director now owns 304,411 shares of the company’s stock, valued at $5,232,825.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Genie Energy Stock Performance
NYSE:GNE opened at $16.99 on Thursday. The stock has a 50-day simple moving average of $16.47 and a two-hundred day simple moving average of $15.83. The firm has a market capitalization of $460.96 million, a PE ratio of 33.98 and a beta of 0.09. Genie Energy Ltd. has a 52-week low of $14.00 and a 52-week high of $30.90.
Genie Energy (NYSE:GNE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. Genie Energy had a return on equity of 23.30% and a net margin of 1.75%. The company had revenue of $90.70 million during the quarter.
Genie Energy Dividend Announcement
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd raised its holdings in Genie Energy by 11,831.6% during the second quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 2,248 shares during the period. SG Americas Securities LLC grew its position in shares of Genie Energy by 41.9% during the first quarter. SG Americas Securities LLC now owns 10,645 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 3,144 shares in the last quarter. BOKF NA bought a new stake in Genie Energy during the 2nd quarter valued at approximately $165,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Genie Energy in the 2nd quarter worth approximately $169,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Genie Energy in the 2nd quarter worth approximately $179,000. Institutional investors own 49.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Genie Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
Read Our Latest Stock Analysis on Genie Energy
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.
Read More
- Five stocks we like better than Genie Energy
- Conference Calls and Individual Investors
- How Much Can You Make in Stocks in One Month?
- 10 Best Airline Stocks to Buy
- This Is the Top Large-Cap Stock Insiders Are Buying
- What is a buyback in stocks? A comprehensive guide for investors
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Genie Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genie Energy and related companies with MarketBeat.com's FREE daily email newsletter.