Genie Energy Ltd. (NYSE:GNE) Plans $0.08 Quarterly Dividend

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.075 per share by the oil and gas producer on Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, February 18th.

Genie Energy Stock Performance

Shares of GNE stock traded down $0.30 during trading hours on Thursday, reaching $14.44. The stock had a trading volume of 31,777 shares, compared to its average volume of 59,553. The firm has a market capitalization of $392.77 million, a PE ratio of 103.15 and a beta of 0.06. The firm has a 50-day simple moving average of $14.83 and a 200-day simple moving average of $15.79. Genie Energy has a twelve month low of $13.94 and a twelve month high of $19.64. 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 (NYSE:GNE) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.41 earnings per share for the quarter. Genie Energy had a return on equity of 21.48% and a net margin of 0.80%. The company had revenue of $111.92 million for the quarter.

Insiders Place Their Bets

In other news, CFO Avi Goldin sold 7,300 shares of Genie Energy stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total transaction of $112,566.00. Following the transaction, the chief financial officer now directly owns 127,699 shares in the company, valued at approximately $1,969,118.58. This trade represents a 5.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.50% of the stock is owned by insiders.

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.