Spirit of America Management Corp NY raised its position in shares of Teekay LNG Partners L.P. (NYSE:TGP) by 144.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,406 shares of the company’s stock after buying an additional 168,700 shares during the period. Spirit of America Management Corp NY owned approximately 0.36% of Teekay LNG Partners L.P. worth $4,318,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Teekay LNG Partners L.P. by 121.7% in the second quarter. BNP Paribas Arbitrage SA now owns 133,842 shares of the company’s stock valued at $1,506,000 after buying an additional 73,474 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in shares of Teekay LNG Partners L.P. by 16.2% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 233,066 shares of the company’s stock valued at $2,622,000 after buying an additional 32,561 shares during the last quarter. Trust Asset Management LLC boosted its stake in shares of Teekay LNG Partners L.P. by 2.5% in the second quarter. Trust Asset Management LLC now owns 25,827 shares of the company’s stock valued at $291,000 after buying an additional 627 shares during the last quarter. Albert D Mason Inc. boosted its stake in shares of Teekay LNG Partners L.P. by 16.9% in the second quarter. Albert D Mason Inc. now owns 36,046 shares of the company’s stock valued at $406,000 after buying an additional 5,220 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its stake in shares of Teekay LNG Partners L.P. by 230.0% in the second quarter. HITE Hedge Asset Management LLC now owns 375,086 shares of the company’s stock valued at $4,220,000 after buying an additional 261,422 shares during the last quarter.

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

Shares of Teekay LNG Partners L.P. (NYSE:TGP) traded up 6.60% on Wednesday, hitting $15.35. 610,949 shares of the company traded hands. Teekay LNG Partners L.P. has a 1-year low of $7.92 and a 1-year high of $22.81. The firm’s 50-day moving average is $14.64 and its 200 day moving average is $13.28. The firm has a market capitalization of $1.22 billion, a P/E ratio of 9.73 and a beta of 1.29.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.08. On average, analysts anticipate that Teekay LNG Partners L.P. will post $1.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Friday, November 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.56 annualized dividend and a dividend yield of 3.65%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $16.00 target price on shares of Teekay LNG Partners L.P. in a research report on Tuesday, September 13th. Wells Fargo & Co. raised shares of Teekay LNG Partners L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, September 9th. Stifel Nicolaus assumed coverage on shares of Teekay LNG Partners L.P. in a research report on Monday, November 21st. They issued a “hold” rating and a $14.50 target price for the company. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $20.00 target price on shares of Teekay LNG Partners L.P. in a research report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.92.

Teekay LNG Partners L.P. Company 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.

5 Day Chart for NYSE:TGP

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