Deutsche Bank AG Purchases 13,376 Shares of Genie Energy Ltd. (NYSE:GNE)

Deutsche Bank AG increased its position in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 4,503.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,673 shares of the oil and gas producer's stock after acquiring an additional 13,376 shares during the period. Deutsche Bank AG owned approximately 0.05% of Genie Energy worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Americana Partners LLC boosted its position in Genie Energy by 37.8% during the 4th quarter. Americana Partners LLC now owns 159,200 shares of the oil and gas producer's stock valued at $2,482,000 after buying an additional 43,655 shares during the period. Martingale Asset Management L P boosted its position in Genie Energy by 113.1% during the 4th 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 buying an additional 41,623 shares during the period. Vanguard Group Inc. boosted its position in Genie Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 1,270,284 shares of the oil and gas producer's stock valued at $19,804,000 after buying an additional 39,749 shares during the period. Bank of New York Mellon Corp lifted 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 during the period. Finally, WINTON GROUP Ltd lifted its position in shares of Genie Energy by 207.0% in the 4th quarter. WINTON GROUP Ltd now owns 37,564 shares of the oil and gas producer's stock worth $586,000 after purchasing an additional 25,329 shares during the period. Institutional investors own 49.15% of the company's stock.

Wall Street Analyst Weigh In

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

Genie Energy Trading Up 1.0%

Shares of NYSE:GNE traded up $0.23 on Friday, hitting $22.92. The company had a trading volume of 127,323 shares, compared to its average volume of 82,214. The firm's 50-day simple moving average is $17.03 and its two-hundred day simple moving average is $15.56. Genie Energy Ltd. has a 1 year low of $13.05 and a 1 year high of $22.99. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $615.20 million, a price-to-earnings ratio of 163.70 and a beta of 0.12.

Genie Energy (NYSE:GNE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 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 $136.81 million during the quarter.

Genie Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.31%. Genie Energy's payout ratio is 214.29%.

Insider Buying and Selling

In related news, Director Allan Sass sold 2,920 shares of the stock in a transaction dated 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 transaction, the director now directly owns 38,690 shares in the company, valued at $685,586.80. This trade represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.40% of the stock is owned by company 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.