Bailard Inc. Has $968,000 Stock Position in Genie Energy Ltd. (NYSE:GNE)

Bailard Inc. grew its position in Genie Energy Ltd. (NYSE:GNE) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,400 shares of the oil and gas producer’s stock after buying an additional 2,100 shares during the period. Bailard Inc.’s holdings in Genie Energy were worth $968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Significant Wealth Partners LLC acquired a new stake in shares of Genie Energy in the 4th quarter valued at $4,812,000. Brandywine Global Investment Management LLC grew its stake in shares of Genie Energy by 61.3% during the third quarter. Brandywine Global Investment Management LLC now owns 78,603 shares of the oil and gas producer’s stock worth $1,158,000 after purchasing an additional 29,883 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Genie Energy during the third quarter worth $444,000. Vanguard Group Inc. grew its stake in shares of Genie Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,190,112 shares of the oil and gas producer’s stock worth $17,530,000 after purchasing an additional 11,434 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Genie Energy during the fourth quarter worth $211,000. 49.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genie Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

Genie Energy Trading Down 1.2 %

GNE stock opened at $15.51 on Friday. The business’s 50-day moving average price is $16.47 and its two-hundred day moving average price is $20.67. The firm has a market cap of $424.35 million, a PE ratio of 20.96 and a beta of 0.17. Genie Energy Ltd. has a 1-year low of $12.95 and a 1-year high of $30.90.

Genie Energy (NYSE:GNE) last posted its earnings results on Monday, March 11th. The oil and gas producer reported $0.37 earnings per share for the quarter. The firm had revenue of $104.90 million for the quarter. Genie Energy had a return on equity of 25.39% and a net margin of 4.56%.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were issued a $0.075 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.93%. Genie Energy’s dividend payout ratio (DPR) is 40.54%.

Genie Energy Company Profile

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.