Allspring Global Investments Holdings LLC Has $1.48 Million Stake in Genie Energy Ltd. (NYSE:GNE)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Genie Energy Ltd. (NYSE:GNE) by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,689 shares of the oil and gas producer’s stock after buying an additional 8,833 shares during the period. Allspring Global Investments Holdings LLC owned about 0.19% of Genie Energy worth $1,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GNE. SG Americas Securities LLC acquired a new position in shares of Genie Energy in the 4th quarter worth approximately $211,000. Metis Global Partners LLC acquired a new position in Genie Energy during the third quarter worth $151,000. Jump Financial LLC bought a new position in shares of Genie Energy during the third quarter valued at $184,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Genie Energy in the 3rd quarter worth about $224,000. Finally, Algert Global LLC increased its position in shares of Genie Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 17,330 shares of the oil and gas producer’s stock worth $255,000 after purchasing an additional 2,090 shares in the last quarter. Institutional investors own 49.15% of the company’s stock.

Genie Energy Stock Up 1.3 %

Shares of NYSE:GNE opened at $16.11 on Tuesday. The firm has a market cap of $440.63 million, a P/E ratio of 21.76 and a beta of 0.17. Genie Energy Ltd. has a 12 month low of $12.95 and a 12 month high of $30.90. The company’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $20.74.

Genie Energy (NYSE:GNE) last released its quarterly earnings results on Monday, March 11th. The oil and gas producer reported $0.37 EPS for the quarter. The business had revenue of $104.90 million for the quarter. Genie Energy had a net margin of 4.56% and a return on equity of 25.39%.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 16th. Genie Energy’s dividend payout ratio is 40.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Genie Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

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.