Hsbc Holdings PLC Takes Position in Tsakos Energy Navigation Ltd $TEN

Hsbc Holdings PLC acquired a new stake in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,638 shares of the company’s stock, valued at approximately $267,000. Hsbc Holdings PLC owned about 0.05% of Tsakos Energy Navigation at the end of the most recent quarter.

Separately, Moors & Cabot Inc. increased its stake in shares of Tsakos Energy Navigation by 1.0% during the first quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock valued at $1,779,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Trading Down 1.3%

NYSE TEN opened at $21.44 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85. The firm has a market cap of $645.84 million, a PE ratio of 4.77 and a beta of -0.07. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $18.25. Tsakos Energy Navigation Ltd has a 52 week low of $13.40 and a 52 week high of $26.90.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.29 by $0.63. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. The business had revenue of $153.51 million for the quarter, compared to the consensus estimate of $154.01 million. During the same period in the prior year, the firm earned $1.05 EPS. As a group, sell-side analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.

Tsakos Energy Navigation Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 14th were paid a dividend of $0.60 per share. This represents a yield of 570.0%. The ex-dividend date of this dividend was Monday, July 14th. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TEN shares. Zacks Research cut shares of Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen cut shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group raised their price objective on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tsakos Energy Navigation presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.