Acadian Asset Management LLC raised its holdings in shares of Genie Energy Ltd (NYSE:GNE) by 142.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,916 shares of the oil and gas producer’s stock after acquiring an additional 34,569 shares during the quarter. Acadian Asset Management LLC’s holdings in Genie Energy were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GNE. Vanguard Group Inc. grew its holdings in shares of Genie Energy by 3.2% during the third quarter. Vanguard Group Inc. now owns 618,280 shares of the oil and gas producer’s stock worth $3,339,000 after buying an additional 18,957 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Genie Energy by 31.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,358 shares of the oil and gas producer’s stock worth $424,000 after buying an additional 16,800 shares in the last quarter. Willingdon Wealth Management purchased a new stake in shares of Genie Energy during the first quarter worth about $26,000. PEAK6 Investments LLC purchased a new stake in shares of Genie Energy during the fourth quarter worth about $171,000. Finally, Vanguard Group Inc grew its holdings in shares of Genie Energy by 3.2% during the third quarter. Vanguard Group Inc now owns 618,280 shares of the oil and gas producer’s stock worth $3,339,000 after buying an additional 18,957 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

GNE opened at $9.66 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.02. Genie Energy Ltd has a 1 year low of $4.81 and a 1 year high of $10.55. The company has a market capitalization of $260.07 million, a P/E ratio of 10.73 and a beta of 1.36.

Genie Energy (NYSE:GNE) last released its earnings results on Monday, May 6th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.16. Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. The business had revenue of $86.62 million for the quarter, compared to analysts’ expectations of $72.40 million. As a group, equities research analysts anticipate that Genie Energy Ltd will post 0.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a $0.075 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.30 annualized dividend and a dividend yield of 3.11%. Genie Energy’s dividend payout ratio is presently 33.33%.

A number of equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Genie Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Noble Financial started coverage on shares of Genie Energy in a research report on Wednesday, March 20th. They issued a “hold” rating on the stock.

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Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.

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Institutional Ownership by Quarter for Genie Energy (NYSE:GNE)

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