Trexquant Investment LP Acquires New Shares in Genie Energy Ltd. (NYSE:GNE)

Trexquant Investment LP acquired a new stake in Genie Energy Ltd. (NYSE:GNE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 18,023 shares of the oil and gas producer's stock, valued at approximately $281,000. Trexquant Investment LP owned 0.07% of Genie Energy as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of GNE. American Century Companies Inc. raised its holdings in shares of Genie Energy by 4.9% in the fourth quarter. American Century Companies Inc. now owns 33,752 shares of the oil and gas producer's stock valued at $526,000 after purchasing an additional 1,566 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Genie Energy by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer's stock valued at $682,000 after purchasing an additional 1,891 shares during the last quarter. R Squared Ltd bought a new position in Genie Energy in the fourth quarter valued at approximately $37,000. Jane Street Group LLC increased its position in shares of Genie Energy by 9.4% during the 3rd quarter. Jane Street Group LLC now owns 65,788 shares of the oil and gas producer's stock worth $1,069,000 after purchasing an additional 5,671 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Genie Energy during the 4th quarter worth approximately $107,000. 49.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th.

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Genie Energy Stock Performance

NYSE:GNE traded up $0.04 on Tuesday, hitting $15.14. The company's stock had a trading volume of 46,288 shares, compared to its average volume of 81,038. Genie Energy Ltd. has a one year low of $13.05 and a one year high of $17.93. The firm has a market capitalization of $408.93 million, a P/E ratio of 108.15 and a beta of 0.04. The stock has a fifty day moving average of $14.67 and a two-hundred day moving average of $15.15. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01.

Genie Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were issued a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.98%. Genie Energy's dividend payout ratio is currently 214.29%.

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.