State Street Corp Has $8.46 Million Stake in Genie Energy Ltd. (NYSE:GNE)

State Street Corp boosted its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 520,358 shares of the oil and gas producer’s stock after buying an additional 11,981 shares during the quarter. State Street Corp’s holdings in Genie Energy were worth $8,456,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Americana Partners LLC lifted its holdings in Genie Energy by 313.8% in the third quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer’s stock valued at $1,878,000 after buying an additional 87,625 shares during the period. Cerity Partners LLC grew its holdings in Genie Energy by 118.5% during the 3rd quarter. Cerity Partners LLC now owns 94,324 shares of the oil and gas producer’s stock worth $1,533,000 after acquiring an additional 51,160 shares during the period. GSA Capital Partners LLP raised its position in shares of Genie Energy by 269.5% in the 3rd quarter. GSA Capital Partners LLP now owns 61,871 shares of the oil and gas producer’s stock worth $1,005,000 after acquiring an additional 45,125 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Genie Energy by 214.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 59,776 shares of the oil and gas producer’s stock valued at $874,000 after purchasing an additional 40,752 shares during the period. Finally, Unison Advisors LLC bought a new stake in shares of Genie Energy during the 3rd quarter valued at about $650,000. Institutional investors own 49.15% of the company’s stock.

Insider Buying and Selling

In related news, CFO Avi Goldin sold 7,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of the sale, the chief financial officer now directly owns 127,699 shares of the company’s stock, valued at $1,969,118.58. The trade was a 5.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.50% of the stock is owned by insiders.

Genie Energy Trading Down 0.8 %

Shares of GNE stock opened at $15.40 on Friday. Genie Energy Ltd. has a fifty-two week low of $14.00 and a fifty-two week high of $30.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The stock has a 50 day simple moving average of $15.52 and a two-hundred day simple moving average of $15.85. The company has a market cap of $418.88 million, a P/E ratio of 110.01 and a beta of 0.07.

Genie Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.95%. Genie Energy’s payout ratio is presently 214.29%.

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.