Arrowstreet Capital Limited Partnership Invests $256,000 in Genie Energy Ltd. (NYSE:GNE)

Arrowstreet Capital Limited Partnership acquired a new stake in Genie Energy Ltd. (NYSE:GNE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,396 shares of the oil and gas producer’s stock, valued at approximately $256,000.

A number of other institutional investors have also made changes to their positions in the business. Pictet Asset Management Holding SA acquired a new stake in Genie Energy in the 4th quarter valued at $209,000. JPMorgan Chase & Co. increased its position in shares of Genie Energy by 64.5% in the fourth quarter. JPMorgan Chase & Co. now owns 21,993 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 8,625 shares during the last quarter. WINTON GROUP Ltd raised its holdings in Genie Energy by 207.0% during the fourth quarter. WINTON GROUP Ltd now owns 37,564 shares of the oil and gas producer’s stock worth $586,000 after acquiring an additional 25,329 shares in the last quarter. Vanguard Group Inc. boosted its position in Genie Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 1,270,284 shares of the oil and gas producer’s stock valued at $19,804,000 after purchasing an additional 39,749 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Genie Energy in the fourth quarter valued at approximately $296,000. Institutional investors own 49.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genie Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th.

Genie Energy Stock Performance

Shares of GNE stock opened at $14.83 on Monday. The company has a fifty day moving average price of $14.65 and a two-hundred day moving average price of $15.16. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $17.93. The stock has a market cap of $400.64 million, a P/E ratio of 105.96 and a beta of 0.04. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.30 annualized dividend and a yield of 2.02%. Genie Energy’s dividend payout ratio (DPR) is currently 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.