Jane Street Group LLC Decreases Position in Genie Energy Ltd. (NYSE:GNE)

Jane Street Group LLC decreased its stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 69.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,824 shares of the oil and gas producer's stock after selling 45,964 shares during the period. Jane Street Group LLC owned 0.07% of Genie Energy worth $309,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Genie Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 1,270,284 shares of the oil and gas producer's stock valued at $19,804,000 after purchasing an additional 39,749 shares during the period. Geode Capital Management LLC grew its position in shares of Genie Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 430,370 shares of the oil and gas producer's stock valued at $6,712,000 after purchasing an additional 9,283 shares during the period. Bank of New York Mellon Corp grew its position in shares of Genie Energy by 24.3% in the fourth quarter. Bank of New York Mellon Corp now owns 166,695 shares of the oil and gas producer's stock valued at $2,599,000 after purchasing an additional 32,630 shares during the period. Americana Partners LLC grew its position in shares of Genie Energy by 37.8% in the fourth quarter. Americana Partners LLC now owns 159,200 shares of the oil and gas producer's stock valued at $2,482,000 after purchasing an additional 43,655 shares during the period. Finally, Martingale Asset Management L P grew its position 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 purchasing an additional 41,623 shares during the period. Hedge funds and other institutional investors own 49.15% of the company's stock.

Insider Buying and Selling at Genie Energy

In other news, Director Allan Sass sold 2,920 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was 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 owns 38,690 shares of the company's stock, valued at $685,586.80. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.40% of the stock is owned by company insiders.

Genie Energy Trading Up 1.0%

GNE stock traded up $0.23 during trading on Friday, reaching $22.92. 127,323 shares of the stock traded hands, compared to its average volume of 82,214. The business's 50 day moving average price is $17.03 and its 200-day moving average price is $15.56. Genie Energy Ltd. has a 52-week low of $13.05 and a 52-week high of $22.99. 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 $615.20 million, a PE ratio of 163.70 and a beta of 0.12.

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

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, May 19th. Genie Energy's dividend payout ratio (DPR) is presently 214.29%.

Analysts Set New Price Targets

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

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.