Swiss National Bank Sells 3,576 Shares of Genie Energy Ltd. (NYSE:GNE)

Swiss National Bank lowered its holdings in Genie Energy Ltd. (NYSE:GNE) by 14.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,824 shares of the oil and gas producer’s stock after selling 3,576 shares during the quarter. Swiss National Bank’s holdings in Genie Energy were worth $340,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GNE. State Street Corp increased its holdings in shares of Genie Energy by 2.4% during the 3rd quarter. State Street Corp now owns 520,358 shares of the oil and gas producer’s stock worth $8,456,000 after purchasing an additional 11,981 shares during the period. Geode Capital Management LLC increased its stake in Genie Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 421,087 shares of the oil and gas producer’s stock valued at $6,844,000 after acquiring an additional 17,613 shares during the period. Bank of New York Mellon Corp raised its holdings in Genie Energy by 24.3% in the 4th quarter. Bank of New York Mellon Corp now owns 166,695 shares of the oil and gas producer’s stock valued at $2,599,000 after acquiring an additional 32,630 shares in the last quarter. Americana Partners LLC raised its holdings in Genie Energy by 37.8% in the 4th quarter. Americana Partners LLC now owns 159,200 shares of the oil and gas producer’s stock valued at $2,482,000 after acquiring an additional 43,655 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Genie Energy by 118.5% in 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. 49.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Genie Energy Trading Down 0.3 %

Shares of Genie Energy stock opened at $15.09 on Monday. Genie Energy Ltd. has a 52-week low of $13.05 and a 52-week high of $17.93. The firm has a market capitalization of $407.61 million, a PE ratio of 107.80 and a beta of 0.02. 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 fifty day moving average price is $14.50 and its two-hundred day moving average price is $15.30.

Genie Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 dividend on an annualized basis and a yield of 1.99%. Genie Energy’s payout ratio 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.