Infrastructure Capital Advisors LLC Acquires 50,000 Shares of Genesis Energy, L.P. $GEL

Infrastructure Capital Advisors LLC raised its holdings in shares of Genesis Energy, L.P. (NYSE:GEL) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 617,353 shares of the pipeline company’s stock after purchasing an additional 50,000 shares during the period. Genesis Energy accounts for about 0.9% of Infrastructure Capital Advisors LLC’s holdings, making the stock its 24th largest holding. Infrastructure Capital Advisors LLC’s holdings in Genesis Energy were worth $9,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Genesis Energy by 29.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,420,400 shares of the pipeline company’s stock valued at $107,285,000 after purchasing an additional 1,465,339 shares during the last quarter. Morgan Stanley raised its position in Genesis Energy by 39.9% during the 4th quarter. Morgan Stanley now owns 4,054,770 shares of the pipeline company’s stock valued at $63,254,000 after purchasing an additional 1,156,884 shares during the last quarter. Alps Advisors Inc. raised its position in Genesis Energy by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 24,909,448 shares of the pipeline company’s stock valued at $388,587,000 after purchasing an additional 890,193 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Genesis Energy by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock valued at $63,934,000 after purchasing an additional 478,530 shares during the last quarter. Finally, UBS Group AG raised its position in Genesis Energy by 31.3% during the 4th quarter. UBS Group AG now owns 1,814,140 shares of the pipeline company’s stock valued at $28,301,000 after purchasing an additional 432,771 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

Insider Buying and Selling at Genesis Energy

In other news, SVP Garland G. Gaspard bought 12,340 shares of Genesis Energy stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $16.34 per share, for a total transaction of $201,635.60. Following the acquisition, the senior vice president owned 36,881 shares of the company’s stock, valued at approximately $602,635.54. The trade was a 50.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.

Genesis Energy Stock Down 2.1%

GEL stock opened at $14.13 on Thursday. Genesis Energy, L.P. has a fifty-two week low of $13.92 and a fifty-two week high of $18.64. The business’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $16.66. The company has a debt-to-equity ratio of 25.62, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -74.39 and a beta of 0.63.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, May 7th. The pipeline company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.22). Genesis Energy had a return on equity of 23.65% and a net margin of 2.11%.The firm had revenue of $446.56 million for the quarter, compared to analysts’ expectations of $446.56 million. During the same quarter last year, the company posted ($4.06) EPS. The firm’s revenue was up 12.1% on a year-over-year basis.

Genesis Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.1%. Genesis Energy’s dividend payout ratio is -378.95%.

Analysts Set New Price Targets

GEL has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Genesis Energy from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings raised Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Genesis Energy Profile

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.