Schwab Charles Investment Management Inc. grew its stake in Genie Energy Ltd. (NYSE:GNE) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,411 shares of the oil and gas producer’s stock after buying an additional 700 shares during the period. Schwab Charles Investment Management Inc. owned 0.12% of Genie Energy worth $232,000 at the end of the most recent quarter.
Separately, Eagle Global Advisors LLC purchased a new position in shares of Genie Energy in the second quarter worth $111,000. Hedge funds and other institutional investors own 20.77% of the company’s stock.
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Separately, TheStreet cut shares of Genie Energy from a “c-” rating to a “d+” rating in a report on Thursday, August 3rd.
Genie Energy Ltd. (NYSE GNE) opened at $5.47 on Friday. Genie Energy Ltd. has a fifty-two week low of $5.02 and a fifty-two week high of $8.31. The company has a current ratio of 1.82, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05.
Genie Energy (NYSE:GNE) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $69.47 million during the quarter. Genie Energy had a negative net margin of 3.62% and a negative return on equity of 15.39%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 13th will be paid a $0.075 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.48%. Genie Energy’s payout ratio is currently -75.00%.
In other news, Director James A. Courter sold 5,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $6.18, for a total value of $30,900.00. Following the sale, the director now owns 311,983 shares in the company, valued at $1,928,054.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 30,000 shares of company stock worth $185,100 in the last quarter. Company insiders own 31.00% of the company’s stock.
Genie Energy Company Profile
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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