Two Sigma Investments LP Boosts Stock Position in Genie Energy Ltd. (NYSE:GNE)

Two Sigma Investments LP raised its stake in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 39.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,103 shares of the oil and gas producer's stock after purchasing an additional 16,788 shares during the period. Two Sigma Investments LP owned 0.22% of Genie Energy worth $921,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. D. E. Shaw & Co. Inc. bought a new stake in Genie Energy during the fourth quarter valued at about $238,000. Martingale Asset Management L P grew its holdings 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 in the last quarter. Trexquant Investment LP bought a new stake in shares of Genie Energy in the 4th quarter worth about $281,000. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 6,236 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position 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 valued at $586,000 after purchasing an additional 25,329 shares during the last quarter. Institutional investors own 49.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Genie Energy Trading Up 1.4%

NYSE GNE traded up $0.31 during trading on Tuesday, hitting $23.03. The stock had a trading volume of 182,934 shares, compared to its average volume of 82,870. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $23.44. The stock has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $15.66. The stock has a market capitalization of $618.29 million, a price-to-earnings ratio of 164.52 and a beta of 0.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56.

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 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 for the quarter.

Genie Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.075 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 1.30%. Genie Energy's dividend payout ratio (DPR) is 214.29%.

Insiders Place Their Bets

In other news, Director Allan Sass sold 2,920 shares of the business's 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 sale, the director now owns 38,690 shares in the company, valued at approximately $685,586.80. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.40% of the company's stock.

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.