Two Sigma Advisers LP Takes Position in Genie Energy Ltd. (NYSE:GNE)

Two Sigma Advisers LP bought a new stake 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 37,700 shares of the oil and gas producer's stock, valued at approximately $588,000. Two Sigma Advisers LP owned approximately 0.14% of Genie Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. purchased a new position in shares of Genie Energy in the fourth quarter valued at approximately $238,000. Martingale Asset Management L P lifted its position in Genie Energy by 113.1% during the fourth quarter. Martingale Asset Management L P now owns 78,414 shares of the oil and gas producer's stock worth $1,222,000 after buying an additional 41,623 shares in the last quarter. Trexquant Investment LP purchased a new position in Genie Energy during the fourth quarter worth approximately $281,000. BNP Paribas Financial Markets lifted its position in 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 buying an additional 6,236 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in Genie Energy by 207.0% during the fourth quarter. WINTON GROUP Ltd now owns 37,564 shares of the oil and gas producer's stock worth $586,000 after buying an additional 25,329 shares in the last quarter. Hedge funds and other institutional investors own 49.15% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Allan Sass sold 2,920 shares of Genie Energy stock in a transaction on 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 transaction, the director now directly owns 38,690 shares in the company, valued at approximately $685,586.80. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.40% of the company's stock.

Genie Energy Trading Up 1.0%

GNE stock traded up $0.23 during midday trading on Friday, hitting $22.92. 127,323 shares of the company's stock were exchanged, compared to its average volume of 82,214. The business has a 50-day simple moving average of $17.03 and a two-hundred day simple moving average of $15.56. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $615.20 million, a PE ratio of 163.70 and a beta of 0.12. Genie Energy Ltd. has a 1-year low of $13.05 and a 1-year high of $23.00.

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

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.31%. Genie Energy's payout ratio 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.