Genie Energy (NYSE:GNE) Shares Pass Below 200-Day Moving Average – What’s Next?

Genie Energy Ltd. (NYSE:GNE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Genie Energy Stock Up 0.8 %

The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $15.93. The company has a market cap of $399.30 million, a PE ratio of 104.86 and a beta of 0.07.

Genie Energy Dividend Announcement

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

Insider Buying and Selling at Genie Energy

In other news, CFO Avi Goldin sold 7,300 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 16.50% of the company’s stock.

Institutional Trading of Genie Energy

Hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd boosted its holdings in shares of Genie Energy by 11,831.6% during the 2nd quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 2,248 shares during the last quarter. BOKF NA purchased a new stake in shares of Genie Energy in the second quarter valued at about $165,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Genie Energy during the second quarter worth about $169,000. Barclays PLC raised its stake in Genie Energy by 234.6% during the third quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock worth $334,000 after purchasing an additional 14,455 shares during the period. Finally, Quest Partners LLC purchased a new position in Genie Energy during the third quarter worth about $433,000. Institutional investors and hedge funds own 49.15% of the company’s stock.

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.