Quantinno Capital Management LP Has $2.17 Million Stock Holdings in Genie Energy Ltd. $GNE

Quantinno Capital Management LP boosted its position in Genie Energy Ltd. (NYSE:GNE) by 92.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,773 shares of the oil and gas producer’s stock after acquiring an additional 74,046 shares during the quarter. Quantinno Capital Management LP’s holdings in Genie Energy were worth $2,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GNE. Strs Ohio raised its position in Genie Energy by 2.6% during the fourth quarter. Strs Ohio now owns 39,800 shares of the oil and gas producer’s stock valued at $548,000 after purchasing an additional 1,000 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Genie Energy by 1.6% in the 4th quarter. First Trust Advisors LP now owns 66,180 shares of the oil and gas producer’s stock valued at $912,000 after purchasing an additional 1,049 shares in the last quarter. Bailard Inc. boosted its holdings in shares of Genie Energy by 8.5% in the 4th quarter. Bailard Inc. now owns 19,139 shares of the oil and gas producer’s stock valued at $264,000 after purchasing an additional 1,500 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Genie Energy by 236.5% in the 4th 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. Finally, Quarry LP bought a new position in shares of Genie Energy in the 3rd quarter valued at $35,000. 49.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GNE shares. Weiss Ratings raised Genie Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wall Street Zen lowered Genie Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Freedom Capital upgraded Genie Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Genie Energy Price Performance

GNE stock opened at $14.41 on Tuesday. The company has a market capitalization of $380.42 million, a P/E ratio of 29.41 and a beta of 0.20. The company has a fifty day moving average price of $14.20 and a 200-day moving average price of $14.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.44 and a current ratio of 2.54. Genie Energy Ltd. has a 52-week low of $12.69 and a 52-week high of $16.60.

Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $100.40 million during the quarter, compared to the consensus estimate of $104.57 million. Genie Energy had a return on equity of 13.00% and a net margin of 4.95%.

Genie Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Friday, August 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.1%. Genie Energy’s dividend payout ratio is presently 61.22%.

Genie Energy Company Profile

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.