D. E. Shaw & Co. Inc. Acquires New Holdings in Genie Energy Ltd. (NYSE:GNE)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Martingale Asset Management L P raised its stake in shares of Genie Energy by 113.1% in the fourth quarter. Martingale Asset Management L P now owns 78,414 shares of the oil and gas producer's stock valued at $1,222,000 after acquiring an additional 41,623 shares during the period. Trexquant Investment LP bought a new stake in Genie Energy during the fourth quarter valued at about $281,000. WINTON GROUP Ltd raised its stake in shares of Genie Energy by 207.0% during the 4th quarter. WINTON GROUP Ltd now owns 37,564 shares of the oil and gas producer's stock worth $586,000 after acquiring an additional 25,329 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Genie Energy by 24.3% in the 4th quarter. Bank of New York Mellon Corp now owns 166,695 shares of the oil and gas producer's stock worth $2,599,000 after purchasing an additional 32,630 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Genie Energy by 22.2% during the fourth quarter. BNP Paribas Financial Markets now owns 34,288 shares of the oil and gas producer's stock worth $535,000 after acquiring an additional 6,236 shares during the last quarter. Institutional investors own 49.15% of the company's stock.

Genie Energy Trading Up 2.0%

Shares of NYSE GNE traded up $0.41 during trading on Friday, hitting $21.21. 265,675 shares of the company were exchanged, compared to its average volume of 80,312. The firm has a market capitalization of $569.40 million, a PE ratio of 151.51 and a beta of -0.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The company has a fifty day moving average price of $16.21 and a 200-day moving average price of $15.31. Genie Energy Ltd. has a 12-month low of $13.05 and a 12-month high of $21.23.

Genie Energy (NYSE:GNE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 earnings per share (EPS) 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.41%. Genie Energy's dividend payout ratio (DPR) is 214.29%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Genie Energy news, Director Allan Sass sold 2,920 shares of Genie Energy stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $17.72, for a total value of $51,742.40. Following the completion of the sale, the director now directly owns 38,690 shares of the company's stock, valued at approximately $685,586.80. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.40% of the stock is currently owned by corporate insiders.

Genie Energy 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.