Teekay LNG Partners (NYSE:TGP) had its target price lifted by Citigroup from $15.00 to $19.00 in a report released on Tuesday. Citigroup currently has a neutral rating on the shipping company’s stock.

TGP has been the topic of a number of other research reports. Zacks Investment Research downgraded Teekay LNG Partners from a hold rating to a strong sell rating in a research report on Tuesday, November 14th. Jefferies Group started coverage on Teekay LNG Partners in a research report on Monday, December 18th. They set a hold rating and a $18.00 price objective on the stock. ValuEngine upgraded Teekay LNG Partners from a hold rating to a buy rating in a research report on Sunday, December 31st. Morgan Stanley lifted their price objective on Teekay LNG Partners from $15.00 to $19.00 and gave the stock an equal weight rating in a research report on Monday. Finally, UBS Group reduced their price objective on Teekay LNG Partners from $26.00 to $24.00 and set a buy rating on the stock in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $18.33.

Teekay LNG Partners (NYSE TGP) opened at $18.65 on Tuesday. Teekay LNG Partners has a 1 year low of $14.05 and a 1 year high of $21.65. The company has a market capitalization of $1,490.00, a P/E ratio of 22.47 and a beta of 1.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.56 annualized dividend and a yield of 3.00%. Teekay LNG Partners’s dividend payout ratio (DPR) is 67.47%.

A number of hedge funds have recently bought and sold shares of the business. Thornburg Investment Management Inc. increased its stake in Teekay LNG Partners by 10.6% during the third quarter. Thornburg Investment Management Inc. now owns 1,998,147 shares of the shipping company’s stock worth $35,567,000 after acquiring an additional 191,807 shares during the last quarter. ING Groep NV acquired a new stake in Teekay LNG Partners during the third quarter worth $10,217,000. Spirit of America Management Corp NY increased its stake in Teekay LNG Partners by 2.2% during the fourth quarter. Spirit of America Management Corp NY now owns 376,556 shares of the shipping company’s stock worth $7,588,000 after acquiring an additional 8,100 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in Teekay LNG Partners by 534.4% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 216,380 shares of the shipping company’s stock worth $4,360,000 after acquiring an additional 182,272 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Teekay LNG Partners by 23.6% during the fourth quarter. Wells Fargo & Company MN now owns 169,935 shares of the shipping company’s stock worth $3,425,000 after acquiring an additional 32,468 shares during the last quarter. 35.57% of the stock is owned by institutional investors.

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About Teekay LNG Partners

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.

Analyst Recommendations for Teekay LNG Partners (NYSE:TGP)

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