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

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

Genie Energy Price Performance

GNE stock traded down $0.30 during midday trading on Thursday, reaching $14.44. 31,797 shares of the company’s stock traded hands, compared to its average volume of 59,553. The company has a 50-day simple moving average of $14.83 and a two-hundred day simple moving average of $15.79. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy has a 1-year low of $13.94 and a 1-year high of $19.64. The company has a market cap of $392.77 million, a price-to-earnings ratio of 103.15 and a beta of 0.06.

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

Insider Activity

In other news, CFO Avi Goldin sold 7,300 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the transaction, the chief financial officer now directly owns 127,699 shares in the company, valued at $1,969,118.58. This trade represents a 5.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.50% of the stock is 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.