Teekay LNG Partners L.P. (NYSE:TGP) shares traded down 4.1% during mid-day trading on Thursday . The company traded as low as $10.26 and last traded at $10.27, with a volume of 307,640 shares trading hands. The stock had previously closed at $10.71.

Separately, Zacks Investment Research upgraded shares of Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.75.

The company has a market cap of $811.62 million and a price-to-earnings ratio of 9.65. The stock’s 50-day moving average price is $11.15 and its 200 day moving average price is $12.02.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, May 19th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.08. Equities research analysts expect that Teekay LNG Partners L.P. will post $1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Wednesday, July 27th.

Several hedge funds and institutional investors have made changes to their positions in TGP. Morgan Stanley boosted its position in shares of Teekay LNG Partners L.P. by 112.9% in the fourth quarter. Morgan Stanley now owns 1,490,911 shares of the company’s stock worth $19,606,000 after buying an additional 790,641 shares during the period. Thornburg Investment Management Inc. acquired a new position in shares of Teekay LNG Partners L.P. during the fourth quarter worth $3,124,000. BNP Paribas Arbitrage SA boosted its position in shares of Teekay LNG Partners L.P. by 257.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 240,855 shares of the company’s stock worth $3,167,000 after buying an additional 173,433 shares during the period. First Trust Advisors LP boosted its position in shares of Teekay LNG Partners L.P. by 9.0% in the fourth quarter. First Trust Advisors LP now owns 394,249 shares of the company’s stock worth $5,184,000 after buying an additional 32,422 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Teekay LNG Partners L.P. by 23.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 153,200 shares of the company’s stock worth $2,014,000 after buying an additional 29,550 shares during the period.

Teekay LNG Partners L.P. (Teekay LNG Partners) is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay LNG Partners operates through two segments: its liquefied gas segment and its conventional tanker segment.

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