Genie Energy (NYSE:GNE) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Genie Energy Ltd. (NYSE:GNEGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.94 and traded as low as $14.40. Genie Energy shares last traded at $14.54, with a volume of 51,953 shares changing hands.

Genie Energy Trading Up 0.8 %

The company has a market cap of $399.30 million, a PE ratio of 104.86 and a beta of 0.07. The company’s 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $15.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47.

Genie Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were issued a $0.075 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.30 annualized dividend and a yield of 2.04%. Genie Energy’s dividend payout ratio (DPR) is presently 214.29%.

Insider Buying and Selling at Genie Energy

In other Genie Energy news, CFO Avi Goldin sold 7,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total transaction of $112,566.00. Following the sale, the chief financial officer now directly owns 127,699 shares in the company, valued at $1,969,118.58. This represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GNE. Barclays PLC lifted its holdings in Genie Energy by 234.6% during the 3rd quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock worth $334,000 after buying an additional 14,455 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Genie Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 421,087 shares of the oil and gas producer’s stock worth $6,844,000 after acquiring an additional 17,613 shares during the period. Jane Street Group LLC boosted its holdings in Genie Energy by 9.4% in the third quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer’s stock valued at $1,069,000 after purchasing an additional 5,671 shares during the period. State Street Corp grew its stake in Genie Energy by 2.4% during the 3rd quarter. State Street Corp now owns 520,358 shares of the oil and gas producer’s stock worth $8,456,000 after purchasing an additional 11,981 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in Genie Energy by 16.4% during the 3rd quarter. Martingale Asset Management L P now owns 36,791 shares of the oil and gas producer’s stock worth $598,000 after purchasing an additional 5,197 shares during the period. Hedge funds and other institutional investors own 49.15% of the company’s stock.

About Genie Energy

(Get 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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