Teekay LNG Partners L.P. (NYSE:TGP)’s share price fell 2.9% during mid-day trading on Tuesday . The company traded as low as $12.75 and last traded at $12.83, with a volume of 186,515 shares traded. The stock had previously closed at $13.21.

Separately, Zacks Investment Research cut Teekay LNG Partners L.P. from a “buy” rating to a “hold” rating in a report on Saturday, June 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Teekay LNG Partners L.P. has a consensus rating of “Hold” and a consensus target price of $16.75.

The company has a market cap of $1.02 billion and a price-to-earnings ratio of 13.28. The firm’s 50-day moving average is $11.24 and its 200 day moving average is $12.14.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.28. On average, equities analysts anticipate that Teekay LNG Partners L.P. will post $2.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.14 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.56 annualized dividend and a yield of 4.39%.

A hedge fund recently raised its stake in Teekay LNG Partners L.P. stock. Morgan Stanley raised its stake in shares of Teekay LNG Partners L.P. (NYSE:TGP) by 112.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,490,911 shares of the company’s stock after buying an additional 790,641 shares during the period. Morgan Stanley owned about 1.88% of Teekay LNG Partners L.P. worth $19,606,000 at the end of the most recent reporting 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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