WINTON GROUP Ltd Purchases 25,329 Shares of Genie Energy Ltd. (NYSE:GNE)

WINTON GROUP Ltd lifted its position in shares of Genie Energy Ltd. (NYSE:GNE) by 207.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,564 shares of the oil and gas producer’s stock after purchasing an additional 25,329 shares during the quarter. WINTON GROUP Ltd’s holdings in Genie Energy were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GNE. R Squared Ltd bought a new position in shares of Genie Energy during the 4th quarter worth about $37,000. SG Americas Securities LLC bought a new stake in shares of Genie Energy in the 4th quarter valued at approximately $107,000. KLP Kapitalforvaltning AS acquired a new position in shares of Genie Energy in the 4th quarter worth approximately $296,000. Barclays PLC lifted its position in shares of Genie Energy by 234.6% during the 3rd quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock worth $334,000 after buying an additional 14,455 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Genie Energy by 4.9% in the 4th quarter. American Century Companies Inc. now owns 33,752 shares of the oil and gas producer’s stock valued at $526,000 after purchasing an additional 1,566 shares in the last quarter. 49.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Genie Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th.

Genie Energy Price Performance

GNE opened at $15.09 on Friday. 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 company’s 50 day simple moving average is $14.50 and its 200-day simple moving average is $15.32. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $17.93. The stock has a market capitalization of $407.61 million, a P/E ratio of 107.80 and a beta of 0.02.

Genie Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.99%. Genie Energy’s dividend payout ratio (DPR) is currently 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.