Invesco Ltd. Has $979,000 Stock Position in Tsakos Energy Navigation Ltd $TEN

Invesco Ltd. cut its holdings in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,377 shares of the company's stock after selling 16,920 shares during the period. Invesco Ltd. owned approximately 0.19% of Tsakos Energy Navigation worth $979,000 at the end of the most recent reporting period.

Separately, Moors & Cabot Inc. lifted its position in Tsakos Energy Navigation by 1.0% in the first quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock worth $1,779,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 19.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group upped their price target on Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a report on Tuesday, June 17th. Zacks Research downgraded shares of Tsakos Energy Navigation from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Finally, 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. One 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.50.

Tsakos Energy Navigation Stock Up 3.9%

Shares of Tsakos Energy Navigation stock traded up $0.84 on Friday, hitting $22.27. 461,542 shares of the company traded hands, compared to its average volume of 323,145. The company has a 50-day moving average price of $20.35 and a 200 day moving average price of $18.25. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85. Tsakos Energy Navigation Ltd has a 12-month low of $13.40 and a 12-month high of $26.90. The company has a market cap of $670.83 million, a PE ratio of 4.96 and a beta of -0.07.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $153.51 million during the quarter, compared to analysts' expectations of $154.01 million. During the same period in the prior year, the company posted $1.05 earnings per share. Sell-side analysts predict that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.

Tsakos Energy Navigation Dividend Announcement

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

Tsakos Energy Navigation 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.