Fmr LLC Continues to Hold Stake in Teekay LNG Partners L.P. (TGP)

Fmr LLC held its stake in shares of Teekay LNG Partners L.P. (NYSE:TGP) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,957,182 shares of the shipping company’s stock at the close of the second quarter. Fmr LLC owned about 9.99% of Teekay LNG Partners L.P. worth $122,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL acquired a new position in Teekay LNG Partners L.P. in the 1st quarter valued at approximately $218,000. Alliancebernstein L.P. acquired a new position in Teekay LNG Partners L.P. in the 1st quarter valued at approximately $221,000. Global X Management Co. LLC increased its position in Teekay LNG Partners L.P. by 2.9% in the 1st quarter. Global X Management Co. LLC now owns 19,822 shares of the shipping company’s stock valued at $348,000 after acquiring an additional 564 shares during the period. Investment Centers of America Inc. increased its position in Teekay LNG Partners L.P. by 2.2% in the 1st quarter. Investment Centers of America Inc. now owns 23,801 shares of the shipping company’s stock valued at $420,000 after acquiring an additional 504 shares during the period. Finally, Beach Investment Management LLC. acquired a new position in Teekay LNG Partners L.P. in the 2nd quarter valued at approximately $524,000. Hedge funds and other institutional investors own 38.07% of the company’s stock.

Several brokerages have issued reports on TGP. Zacks Investment Research upgraded shares of Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Thursday. TheStreet cut shares of Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Teekay LNG Partners L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus restated a “hold” rating and issued a $16.00 price target on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. Finally, BidaskClub cut shares of Teekay LNG Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.50.

Shares of Teekay LNG Partners L.P. (NYSE TGP) opened at 18.35 on Friday. The stock has a 50 day moving average of $17.25 and a 200-day moving average of $16.83. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 10.74 and a beta of 1.25. Teekay LNG Partners L.P. has a 1-year low of $13.06 and a 1-year high of $19.90.

Teekay LNG Partners L.P. (NYSE:TGP) last issued its earnings results on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. The firm had revenue of $99.91 million during the quarter, compared to analysts’ expectations of $103.31 million. Analysts forecast that Teekay LNG Partners L.P. will post $1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, November 3rd will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, November 2nd. Teekay LNG Partners L.P.’s payout ratio is 32.75%.

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Teekay LNG Partners L.P. Profile

Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.

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Institutional Ownership by Quarter for Teekay LNG Partners L.P. (NYSE:TGP)

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