2 weeks Ago By Defense World Staff
Bokf Na bought a new position in Genie Energy Ltd. ( NYSE:GNE – Free Report ) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,289 shares of the oil and gas producer’s stock, valued at approximately $165,000.
Several other large investors have also bought and sold shares of GNE. Swiss National Bank purchased a new position in Genie Energy in the fourth quarter worth about $1,077,000. Janney Montgomery Scott LLC grew its stake in shares of Genie Energy by 17.
7% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,053 shares of the oil and gas producer’s stock worth $1,661,000 after acquiring an additional 8,882 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Genie Energy in the fourth quarter worth approximately $357,000.
Allspring Global Investments Holdings LLC grew its stake in shares of Genie Energy by 34.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,987 shares of the oil and gas producer’s stock worth $1,070,000 after acquiring an additional 18,298 shares during the period.
Finally, Principal Financial Group Inc. bought a new stake in shares of Genie Energy in the first quarter worth approximately $444,000. 49.
15% of the stock is owned by hedge funds and other institutional investors. Genie Energy Stock Up 2.0 % Shares of GNE stock opened at $16.
82 on Wednesday. The company has a 50 day moving average price of $16.41 and a 200-day moving average price of $15.
83. Genie Energy Ltd. has a 52 week low of $14.
00 and a 52 week high of $30.90. The firm has a market capitalization of $456.
21 million, a PE ratio of 33.63 and a beta of 0.09.
Genie Energy Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 14th were given a dividend of $0.075 per share.
The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.
78%. Genie Energy’s dividend payout ratio (DPR) is 60.00%.
Insider Activity at Genie Energy In related news, CFO Avi Goldin sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.
00. Following the completion of the sale, the chief financial officer now directly owns 134,999 shares in the company, valued at $2,320,632.81.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . In other Genie Energy news, CFO Avi Goldin sold 2,300 shares of Genie Energy stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.
19, for a total transaction of $39,537.00. Following the transaction, the chief financial officer now owns 134,999 shares of the company’s stock, valued at $2,320,632.
81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, Director James A.
Courter sold 3,675 shares of Genie Energy stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.
25. Following the transaction, the director now directly owns 304,411 shares in the company, valued at approximately $5,232,825.09.
The disclosure for this sale can be found here . 16.50% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth Separately, StockNews.com upgraded shares of Genie Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Read Our Latest Analysis on GNE Genie Energy Profile ( Free Report ) 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.
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