D. E. Shaw & Co. Inc. Invests $238,000 in Genie Energy Ltd. (NYSE:GNE)

D. E. Shaw & Co. Inc. bought a new position in Genie Energy Ltd. (NYSE:GNE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,290 shares of the oil and gas producer's stock, valued at approximately $238,000. D. E. Shaw & Co. Inc. owned about 0.06% of Genie Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Genie Energy in the fourth quarter worth approximately $37,000. SG Americas Securities LLC bought a new position in shares of Genie Energy in the fourth quarter worth approximately $107,000. Wells Fargo & Company MN grew its holdings in shares of Genie Energy by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer's stock worth $120,000 after purchasing an additional 1,699 shares during the last quarter. PDT Partners LLC bought a new position in shares of Genie Energy in the fourth quarter worth approximately $174,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Genie Energy in the fourth quarter worth approximately $209,000. Institutional investors own 49.15% of the company's stock.

Insider Activity

In other news, Director Allan Sass sold 2,920 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $17.72, for a total transaction of $51,742.40. Following the sale, the director now owns 38,690 shares in the company, valued at approximately $685,586.80. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Genie Energy from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th.

Genie Energy Trading Up 2.0%

NYSE:GNE traded up $0.41 during trading hours on Friday, hitting $21.21. The company had a trading volume of 265,675 shares, compared to its average volume of 79,751. The company has a market capitalization of $569.40 million, a PE ratio of 151.51 and a beta of -0.02. The stock has a 50-day moving average price of $16.34 and a 200 day moving average price of $15.34. Genie Energy Ltd. has a 52 week low of $13.05 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47.

Genie Energy (NYSE:GNE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 earnings per share for the quarter. The business had revenue of $136.81 million for the quarter. Genie Energy had a net margin of 0.80% and a return on equity of 21.48%.

Genie Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, May 19th. Genie Energy's dividend payout ratio (DPR) is presently 214.29%.

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.