Trexquant Investment LP Acquires New Stake in Genie Energy Ltd. (NYSE:GNE)

Trexquant Investment LP acquired a new stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,023 shares of the oil and gas producer's stock, valued at approximately $281,000. Trexquant Investment LP owned about 0.07% of Genie Energy at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Genie Energy by 4.9% in the fourth quarter. American Century Companies Inc. now owns 33,752 shares of the oil and gas producer's stock valued at $526,000 after acquiring an additional 1,566 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Genie Energy by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer's stock valued at $682,000 after purchasing an additional 1,891 shares during the period. R Squared Ltd bought a new position in Genie Energy during the 4th quarter valued at approximately $37,000. Jane Street Group LLC lifted its stake in Genie Energy by 9.4% in the third quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer's stock worth $1,069,000 after acquiring an additional 5,671 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Genie Energy in the fourth quarter worth $107,000. Hedge funds and other institutional investors own 49.15% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th.

Genie Energy Stock Down 1.2 %

GNE traded down $0.18 on Friday, hitting $14.92. The company had a trading volume of 81,732 shares, compared to its average volume of 80,560. The stock has a fifty day simple moving average of $14.69 and a 200-day simple moving average of $15.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. The firm has a market capitalization of $402.85 million, a P/E ratio of 106.54 and a beta of 0.04. Genie Energy Ltd. has a 52-week low of $13.05 and a 52-week high of $17.93.

Genie Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, February 18th. Genie Energy's payout ratio is presently 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.