Avi Goldin Sells 2,300 Shares of Genie Energy Ltd. (NYSE:GNE) Stock

Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 2,300 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total transaction of $39,537.00. Following the transaction, the chief financial officer now owns 134,999 shares of the company’s stock, valued at $2,320,632.81. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Genie Energy Stock Up 0.5 %

Shares of NYSE GNE opened at $17.57 on Friday. The business’s 50 day moving average price is $16.38 and its two-hundred day moving average price is $15.87. The company has a market cap of $472.46 million, a PE ratio of 35.14 and a beta of 0.09. Genie Energy Ltd. has a twelve month low of $14.00 and a twelve month high of $30.90.

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

Genie Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, August 14th. Genie Energy’s payout ratio is presently 60.00%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Genie Energy during the 4th quarter worth approximately $357,000. Janney Montgomery Scott LLC increased its holdings in shares of Genie Energy by 17.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 59,053 shares of the oil and gas producer’s stock worth $1,661,000 after acquiring an additional 8,882 shares during the last quarter. Swiss National Bank acquired a new position in shares of Genie Energy during the 4th quarter worth approximately $1,077,000. SG Americas Securities LLC increased its holdings in shares of Genie Energy by 41.9% during the 1st 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 during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Genie Energy during the 1st quarter worth approximately $444,000. 49.15% of the stock is owned by institutional investors and hedge funds.

Genie Energy Company 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.