Genie Energy Ltd. Plans Quarterly Dividend of $0.08 (NYSE:GNE)

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.075 per share by the oil and gas producer on Wednesday, February 26th. This represents a $0.30 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, February 18th.

Genie Energy Stock Performance

Genie Energy stock opened at $14.44 on Friday. The firm has a market capitalization of $392.77 million, a P/E ratio of 103.15 and a beta of 0.06. The stock has a fifty day moving average price of $14.81 and a 200 day moving average price of $15.78. Genie Energy has a 52 week low of $13.94 and a 52 week high of $19.64. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.41 EPS for the quarter. The company had revenue of $111.92 million during the quarter. Genie Energy had a return on equity of 21.48% and a net margin of 0.80%.

Insiders Place Their Bets

In other news, CFO Avi Goldin sold 7,300 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.50% of the stock is currently owned by insiders.

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.