Genie Energy Ltd (NYSE:GNE) declared a quarterly dividend on Friday, March 8th, Wall Street Journal reports. Investors of record on Monday, March 25th will be given a dividend of 0.075 per share by the oil and gas producer on Friday, March 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, March 22nd.
Genie Energy has increased its dividend by an average of 35.7% per year over the last three years.
NYSE GNE opened at $8.43 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.91 and a current ratio of 2.07. Genie Energy has a 52-week low of $3.82 and a 52-week high of $10.55. The stock has a market cap of $223.02 million, a P/E ratio of 9.22 and a beta of 1.59.
Genie Energy (NYSE:GNE) last released its quarterly earnings results on Thursday, March 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter. Genie Energy had a return on equity of 44.69% and a net margin of 8.13%. The firm had revenue of $62.77 million for the quarter.
A number of equities analysts recently issued reports on the company. ValuEngine raised Genie Energy from a “hold” rating to a “buy” rating in a report on Friday, December 21st. TheStreet raised Genie Energy from a “c+” rating to a “b-” rating in a report on Monday, November 26th.
A hedge fund recently raised its stake in Genie Energy stock. Geode Capital Management LLC raised its holdings in Genie Energy Ltd (NYSE:GNE) by 38.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,366 shares of the oil and gas producer’s stock after purchasing an additional 35,080 shares during the quarter. Geode Capital Management LLC owned 0.47% of Genie Energy worth $767,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 16.41% of the company’s stock.
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About Genie Energy
Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Afek Oil and Gas, Ltd.; and Genie Oil and Gas. It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States; and offers energy brokerage and advisory services.
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