Genie Energy Ltd. (NYSE:GNE) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P lifted its position in shares of Genie Energy Ltd. (NYSE:GNE) by 113.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,414 shares of the oil and gas producer’s stock after purchasing an additional 41,623 shares during the period. Martingale Asset Management L P’s holdings in Genie Energy were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Genie Energy by 234.6% in the third quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock valued at $334,000 after purchasing an additional 14,455 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Genie Energy by 24.3% during the 4th quarter. Bank of New York Mellon Corp now owns 166,695 shares of the oil and gas producer’s stock worth $2,599,000 after buying an additional 32,630 shares during the last quarter. State Street Corp boosted its holdings in shares of Genie Energy by 2.4% in the 3rd quarter. State Street Corp now owns 520,358 shares of the oil and gas producer’s stock valued at $8,456,000 after buying an additional 11,981 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Genie Energy by 207.0% in the 4th quarter. WINTON GROUP Ltd now owns 37,564 shares of the oil and gas producer’s stock valued at $586,000 after buying an additional 25,329 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Genie Energy during the 4th quarter worth $296,000. Institutional investors and hedge funds own 49.15% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Genie Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th.

Genie Energy Stock Up 0.0 %

Shares of NYSE GNE opened at $14.83 on Friday. The business has a 50-day moving average price of $14.65 and a 200 day moving average price of $15.16. The stock has a market cap of $400.64 million, a PE ratio of 105.96 and a beta of 0.04. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy Ltd. has a 52-week low of $13.05 and a 52-week high of $17.93.

Genie Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, February 18th. 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.