Americana Partners LLC Acquires 87,625 Shares of Genie Energy Ltd. (NYSE:GNE)

Americana Partners LLC lifted its holdings in shares of Genie Energy Ltd. (NYSE:GNE) by 313.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,545 shares of the oil and gas producer’s stock after acquiring an additional 87,625 shares during the period. Americana Partners LLC owned approximately 0.43% of Genie Energy worth $1,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 DIFC Ltd increased its position in shares of 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 worth $33,000 after acquiring an additional 2,248 shares in the last quarter. SG Americas Securities LLC increased 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 acquiring an additional 3,144 shares in the last quarter. BOKF NA bought a new stake in shares of Genie Energy during the second quarter worth about $165,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Genie Energy during the second quarter worth about $169,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Genie Energy during the second quarter worth about $179,000. 49.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Genie Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Genie Energy Stock Performance

Genie Energy stock opened at $15.43 on Friday. Genie Energy Ltd. has a fifty-two week low of $14.00 and a fifty-two week high of $30.90. The stock has a market cap of $414.91 million, a PE ratio of 54.24 and a beta of 0.08. The firm’s 50-day simple moving average is $16.49 and its 200 day simple moving average is $15.86.

Genie Energy (NYSE:GNE) last released its earnings results on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share for the quarter. The firm had revenue of $90.70 million for the quarter. Genie Energy had a net margin of 1.75% and a return on equity of 23.30%.

Genie Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 14th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Wednesday, August 14th. Genie Energy’s payout ratio is 103.45%.

Insider Buying and Selling at Genie Energy

In other Genie Energy news, Director James A. Courter sold 3,675 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.19, for a total value of $63,173.25. Following the transaction, the director now directly owns 304,411 shares in the company, valued at $5,232,825.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Genie Energy news, Director James A. Courter sold 3,675 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.19, for a total value of $63,173.25. Following the transaction, the director now directly owns 304,411 shares in the company, valued at $5,232,825.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00. Following the sale, the chief financial officer now owns 134,999 shares in the company, valued at $2,320,632.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.

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.