18,203 Shares in Tsakos Energy Navigation Ltd $TEN Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,203 shares of the company’s stock, valued at approximately $719,000. Hsbc Holdings PLC owned approximately 0.06% of Tsakos Energy Navigation at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Tsakos Energy Navigation during the second quarter worth approximately $672,000. New York State Common Retirement Fund bought a new position in Tsakos Energy Navigation in the second quarter worth approximately $761,000. EverSource Wealth Advisors LLC increased its holdings in Tsakos Energy Navigation by 312.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after purchasing an additional 993 shares during the period. Walleye Capital LLC bought a new stake in Tsakos Energy Navigation during the 2nd quarter valued at $296,000. Finally, Jump Financial LLC increased its position in Tsakos Energy Navigation by 693.1% during the 2nd quarter. Jump Financial LLC now owns 124,223 shares of the company’s stock valued at $2,384,000 after purchasing an additional 108,561 shares during the period. 19.24% of the stock is currently owned by institutional investors.

Tsakos Energy Navigation Stock Performance

Shares of Tsakos Energy Navigation stock opened at $39.57 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 6.44 and a beta of -0.28. The company has a 50-day simple moving average of $38.52 and a two-hundred day simple moving average of $36.19. Tsakos Energy Navigation Ltd has a one year low of $18.80 and a one year high of $45.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings results on Thursday, May 21st. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.65. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%. The business had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.

Tsakos Energy Navigation Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were paid a $1.00 dividend. This represents a yield of 507.0%. The ex-dividend date was Thursday, July 23rd. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 32.57%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TEN. Wall Street Zen raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Tsakos Energy Navigation currently has an average rating of “Hold” and an average target price of $29.50.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.