Genie Energy Ltd. (NYSE:GNE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in shares of Genie Energy Ltd. (NYSE:GNE) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,052 shares of the oil and gas producer’s stock after selling 1,986 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Genie Energy worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Point72 DIFC Ltd grew its holdings in shares of Genie Energy by 11,831.6% during the second quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 2,248 shares during the last quarter. BOKF NA purchased a new position in shares of Genie Energy in the 2nd quarter valued at approximately $165,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Genie Energy in the second quarter valued at approximately $169,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Genie Energy during the second quarter worth approximately $179,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Genie Energy by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,359 shares of the oil and gas producer’s stock worth $202,000 after purchasing an additional 1,002 shares during the period. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Avi Goldin sold 7,300 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total transaction of $112,566.00. Following the transaction, the chief financial officer now owns 127,699 shares of the company’s stock, valued at $1,969,118.58. This represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.50% of the stock is currently owned by corporate insiders.

Genie Energy Stock Performance

Shares of GNE opened at $14.55 on Friday. The stock has a market capitalization of $395.76 million, a P/E ratio of 103.94 and a beta of 0.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. Genie Energy Ltd. has a 1 year low of $14.00 and a 1 year high of $30.90. The company’s fifty day moving average is $15.80 and its two-hundred day moving average is $15.87.

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 12th were paid 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 2.06%. Genie Energy’s dividend payout ratio (DPR) is 214.30%.

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.