Teekay LNG Partners L.P. (NYSE:TGP)’s share price rose 1.9% on Wednesday . The company traded as high as $12.79 and last traded at $12.56, with a volume of 141,180 shares. The stock had previously closed at $12.33.

Separately, Zacks Investment Research raised Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, June 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Teekay LNG Partners L.P. presently has an average rating of “Hold” and an average target price of $16.75.

The firm has a market cap of $992.25 million and a P/E ratio of 12.98. The firm’s 50-day moving average is $11.04 and its 200-day moving average is $12.08.

Teekay LNG Partners L.P. (NYSE:TGP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.28. Equities analysts forecast that Teekay LNG Partners L.P. will post $2.20 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Wednesday, July 27th.

A hedge fund recently raised its stake in Teekay LNG Partners L.P. stock. Morgan Stanley boosted its stake in shares of Teekay LNG Partners L.P. (NYSE:TGP) by 112.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 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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