Hsbc Holdings PLC Makes New $267,000 Investment in Tsakos Energy Navigation Ltd $TEN

Key Points

• Hsbc Holdings PLC acquired approximately 15,638 shares of Tsakos Energy Navigation Ltd, valued at about $267,000, representing around 0.05% ownership in the company.
• Tsakos Energy Navigation reported an earnings per share (EPS) of $0.92 for the most recent quarter, significantly beating analysts' expectations.
• The company has announced a semi-annual dividend of $0.60 per share, with a high yield of 570.0% and a dividend payout ratio of 26.73%.

Hsbc Holdings PLC acquired a new position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned approximately 0.05% of Tsakos Energy Navigation at the end of the most recent reporting period.

Separately, Moors & Cabot Inc. grew its holdings in Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock worth $1,779,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 19.24% of the company's stock.

Analyst Ratings Changes

TEN has been the topic of a number of research reports. Wall Street Zen downgraded shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. Zacks Research lowered shares of Tsakos Energy Navigation from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, Jefferies Financial Group raised their price target on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a 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 given a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation currently has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Tsakos Energy Navigation Price Performance

NYSE:TEN traded down $0.65 on Wednesday, hitting $21.79. The company had a trading volume of 152,079 shares, compared to its average volume of 325,112. The stock has a market capitalization of $656.38 million, a price-to-earnings ratio of 4.85 and a beta of -0.07. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $20.53 and a two-hundred day moving average of $18.37. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.63. The company had revenue of $153.51 million during the quarter, compared to analysts' expectations of $154.01 million. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. During the same period in the prior year, the company posted $1.05 earnings per share. On average, research analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.

Tsakos Energy Navigation Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, July 18th. Investors of record on Monday, July 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a yield of 570.0%. Tsakos Energy Navigation's payout ratio is currently 26.73%.

Tsakos Energy Navigation Company Profile

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.