Vanguard Group Inc. increased its stake in Genie Energy Ltd (NYSE:GNE) by 12.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 666,711 shares of the oil and gas producer’s stock after acquiring an additional 73,246 shares during the period. Vanguard Group Inc. owned about 2.89% of Genie Energy worth $5,080,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Genie Energy by 105.9% in the second quarter. JPMorgan Chase & Co. now owns 193,531 shares of the oil and gas producer’s stock worth $1,475,000 after acquiring an additional 99,557 shares in the last quarter. Northern Trust Corp boosted its position in Genie Energy by 7.2% during the second quarter. Northern Trust Corp now owns 148,505 shares of the oil and gas producer’s stock valued at $1,132,000 after buying an additional 9,997 shares during the period. Bank of New York Mellon Corp boosted its position in Genie Energy by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 133,822 shares of the oil and gas producer’s stock valued at $1,020,000 after buying an additional 12,413 shares during the period. Martingale Asset Management L P boosted its position in Genie Energy by 66.3% during the second quarter. Martingale Asset Management L P now owns 64,219 shares of the oil and gas producer’s stock valued at $490,000 after buying an additional 25,605 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Genie Energy by 105.0% during the second quarter. Nationwide Fund Advisors now owns 56,425 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 28,900 shares during the period. Institutional investors own 20.60% of the company’s stock.

Separately, TheStreet lowered shares of Genie Energy from a “c-” rating to a “d+” rating in a research report on Thursday, August 3rd.

Genie Energy Ltd (NYSE GNE) traded up $0.01 during midday trading on Friday, reaching $4.34. 128,578 shares of the company’s stock traded hands, compared to its average volume of 56,623. The company has a quick ratio of 1.60, a current ratio of 1.70 and a debt-to-equity ratio of 0.05. Genie Energy Ltd has a twelve month low of $4.18 and a twelve month high of $8.31.

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. Genie Energy had a net margin of 1.40% and a return on equity of 2.51%. The business had revenue of $69.47 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 13th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.30 annualized dividend and a yield of 6.91%. Genie Energy’s payout ratio is -75.00%.

In other Genie Energy news, Director James A. Courter sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $6.71, for a total transaction of $33,550.00. Following the completion of the sale, the director now directly owns 301,983 shares in the company, valued at $2,026,305.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $150,650. Company insiders own 31.00% of the company’s stock.

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Genie Energy 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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Institutional Ownership by Quarter for Genie Energy (NYSE:GNE)

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