Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin Sells 7,300 Shares of Stock

Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 7,300 shares of the company’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 of the company’s stock, valued at $1,969,118.58. This represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Avi Goldin also recently made the following trade(s):

• On Wednesday, September 11th, Avi Goldin sold 2,300 shares of Genie Energy stock. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00.

Genie Energy Price Performance

NYSE GNE opened at $16.03 on Friday. The company has a 50 day simple moving average of $16.27 and a 200-day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. The firm has a market capitalization of $436.02 million, a price-to-earnings ratio of 114.51 and a beta of 0.09. Genie Energy Ltd. has a 52-week low of $14.00 and a 52-week high of $30.90.

Genie Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 12th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, November 12th. Genie Energy’s dividend payout ratio (DPR) is 214.30%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Genie Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Institutional Trading of Genie Energy

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Genie Energy by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,359 shares of the oil and gas producer’s stock worth $202,000 after purchasing an additional 1,002 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Genie Energy by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 80,676 shares of the oil and gas producer’s stock valued at $1,311,000 after acquiring an additional 1,046 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Genie Energy by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer’s stock valued at $682,000 after acquiring an additional 1,891 shares in the last quarter. Point72 DIFC Ltd raised its position in Genie Energy by 11,831.6% during the second quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Genie Energy by 10.0% during the second quarter. Principal Financial Group Inc. now owns 32,355 shares of the oil and gas producer’s stock valued at $473,000 after acquiring an additional 2,941 shares in the last quarter. 49.15% of the stock is owned by hedge funds and other institutional investors.

About Genie Energy

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.