American Century Companies Inc. Has $496,000 Holdings in Genie Energy Ltd. $GNE

American Century Companies Inc. cut its stake in shares of Genie Energy Ltd. (NYSE:GNE) by 2.4% in the first quarter, Holdings Channel reports. The firm owned 32,938 shares of the oil and gas producer’s stock after selling 814 shares during the quarter. American Century Companies Inc.’s holdings in Genie Energy were worth $496,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Genie Energy by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 1,699 shares during the period. Deutsche Bank AG grew its holdings in Genie Energy by 4,503.7% during the fourth quarter. Deutsche Bank AG now owns 13,673 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 13,376 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Genie Energy by 26.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,701 shares of the oil and gas producer’s stock valued at $230,000 after purchasing an additional 3,119 shares during the period. Significant Wealth Partners LLC grew its holdings in Genie Energy by 20.6% during the first quarter. Significant Wealth Partners LLC now owns 15,668 shares of the oil and gas producer’s stock valued at $236,000 after purchasing an additional 2,675 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in Genie Energy during the fourth quarter valued at approximately $238,000. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Genie Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 17th.

Genie Energy Stock Performance

GNE opened at $15.12 on Friday. The business’s 50-day moving average price is $19.16 and its two-hundred day moving average price is $18.15. Genie Energy Ltd. has a 1 year low of $13.05 and a 1 year high of $28.47. The company has a market capitalization of $403.94 million, a price-to-earnings ratio of 108.02 and a beta of 0.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.99 and a quick ratio of 1.85.

Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.11 earnings per share for the quarter. Genie Energy had a return on equity of 6.40% and a net margin of 1.82%.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Monday, August 11th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. Genie Energy’s dividend payout ratio is 214.29%.

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.