Genie Energy Ltd. (NYSE:GNE) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 112.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,057 shares of the oil and gas producer's stock after buying an additional 24,937 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Genie Energy worth $734,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GNE. Two Sigma Advisers LP purchased a new position in shares of Genie Energy in the 4th quarter valued at approximately $588,000. Two Sigma Investments LP grew its stake in shares of Genie Energy by 39.7% during the 4th quarter. Two Sigma Investments LP now owns 59,103 shares of the oil and gas producer's stock worth $921,000 after purchasing an additional 16,788 shares during the period. Man Group plc grew its stake in shares of Genie Energy by 46.8% during the 4th quarter. Man Group plc now owns 35,636 shares of the oil and gas producer's stock worth $556,000 after purchasing an additional 11,368 shares during the period. J. Goldman & Co LP grew its stake in shares of Genie Energy by 14.8% during the 4th quarter. J. Goldman & Co LP now owns 676,268 shares of the oil and gas producer's stock worth $10,543,000 after purchasing an additional 87,206 shares during the period. Finally, Deutsche Bank AG grew its stake in Genie Energy by 4,503.7% in the 4th 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. 49.15% of the stock is owned by hedge funds and other institutional investors.

Genie Energy Trading Up 1.9%

Shares of NYSE GNE traded up $0.47 during trading on Friday, hitting $24.89. 229,673 shares of the company were exchanged, compared to its average volume of 84,001. Genie Energy Ltd. has a 12-month low of $13.05 and a 12-month high of $25.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The company has a fifty day moving average price of $17.91 and a 200-day moving average price of $15.83. The firm has a market capitalization of $668.20 million, a PE ratio of 177.80 and a beta of 0.11.

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

Genie Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. Genie Energy's dividend payout ratio (DPR) is presently 214.29%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Allan Sass sold 2,920 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $17.72, for a total transaction of $51,742.40. Following the sale, the director now directly owns 38,690 shares in the company, valued at approximately $685,586.80. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.40% of the company's stock.

Genie Energy 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.