Two Sigma Investments LP Has $921,000 Stake in Genie Energy Ltd. (NYSE:GNE)

Two Sigma Investments LP increased its holdings in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 39.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,103 shares of the oil and gas producer's stock after acquiring an additional 16,788 shares during the quarter. Two Sigma Investments LP owned about 0.22% of Genie Energy worth $921,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GNE. SG Americas Securities LLC bought a new position in shares of Genie Energy during the fourth quarter worth approximately $107,000. Wells Fargo & Company MN increased its position in Genie Energy by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,725 shares of the oil and gas producer's stock worth $120,000 after buying an additional 1,699 shares during the period. PDT Partners LLC acquired a new stake in shares of Genie Energy during the fourth quarter worth $174,000. Pictet Asset Management Holding SA acquired a new stake in shares of Genie Energy during the fourth quarter worth $209,000. Finally, Deutsche Bank AG boosted its position in shares of Genie Energy by 4,503.7% in the fourth quarter. Deutsche Bank AG now owns 13,673 shares of the oil and gas producer's stock valued at $213,000 after acquiring an additional 13,376 shares during the period. Institutional investors own 49.15% of the company's stock.

Insiders Place Their Bets

In other Genie Energy news, Director Allan Sass sold 2,920 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $17.72, for a total transaction of $51,742.40. Following the completion of the sale, the director now directly owns 38,690 shares in the company, valued at $685,586.80. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.40% of the company's stock.

Genie Energy Stock Performance

Shares of GNE traded up $0.23 during mid-day trading on Friday, hitting $22.92. 127,323 shares of the company's stock were exchanged, compared to its average volume of 82,148. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy Ltd. has a 52 week low of $13.05 and a 52 week high of $23.00. The stock's 50-day simple moving average is $17.03 and its 200-day simple moving average is $15.56. The firm has a market cap 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 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 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. Investors of record on Monday, May 19th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 1.31%. Genie Energy's dividend payout ratio is 214.29%.

Analyst Upgrades and Downgrades

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.

About Genie Energy

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.