Genie Energy Ltd. (GNE) To Go Ex-Dividend on February 18th

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Wednesday, February 18th will be given a dividend of 0.075 per share by the oil and gas producer on Thursday, February 26th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, February 18th.

Genie Energy Stock Up 1.8%

Shares of NYSE:GNE opened at $14.18 on Friday. The firm has a market capitalization of $375.82 million, a PE ratio of 17.73 and a beta of 0.12. Genie Energy has a 1 year low of $13.05 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.91 and a quick ratio of 1.74. The firm’s 50-day moving average is $14.11 and its two-hundred day moving average is $15.24.

Institutional Trading of Genie Energy

A number of institutional investors have recently bought and sold shares of GNE. Quarry LP purchased a new position in shares of Genie Energy in the 3rd quarter valued at about $35,000. Federated Hermes Inc. boosted its holdings in Genie Energy by 168.2% in the third quarter. Federated Hermes Inc. now owns 2,406 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 1,509 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Genie Energy by 236.5% in the fourth quarter. State of Alaska Department of Revenue now owns 2,830 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 1,989 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Genie Energy by 71.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,171 shares of the oil and gas producer’s stock worth $58,000 after purchasing an additional 906 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Genie Energy during the 1st quarter worth approximately $85,000. 49.15% of the stock is owned by hedge funds and other institutional investors.

About Genie Energy

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.