Valmark Advisers Inc. continued to hold its position in Teekay LNG Partners L.P. (NYSE:TGP) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,262 shares of the shipping company’s stock at the end of the second quarter. Valmark Advisers Inc.’s holdings in Teekay LNG Partners L.P. were worth $188,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Planning raised its position in Teekay LNG Partners L.P. by 17.4% in the first quarter. Creative Planning now owns 8,619 shares of the shipping company’s stock valued at $151,000 after buying an additional 1,275 shares during the last quarter. Blair William & Co. IL bought a new position in Teekay LNG Partners L.P. during the first quarter valued at about $218,000. Alliancebernstein L.P. bought a new position in Teekay LNG Partners L.P. during the first quarter valued at about $221,000. Albert D Mason Inc. raised its position in Teekay LNG Partners L.P. by 1.1% in the first quarter. Albert D Mason Inc. now owns 16,680 shares of the shipping company’s stock valued at $293,000 after buying an additional 180 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in Teekay LNG Partners L.P. by 2.9% in the first quarter. Global X Management Co. LLC now owns 19,822 shares of the shipping company’s stock valued at $348,000 after buying an additional 564 shares during the last quarter. Institutional investors own 45.59% of the company’s stock.

Teekay LNG Partners L.P. (TGP) opened at 18.25 on Friday. The stock’s 50 day moving average price is $16.37 and its 200 day moving average price is $17.06. Teekay LNG Partners L.P. has a 52-week low of $9.48 and a 52-week high of $19.90. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.39 and a beta of 1.20.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.12. Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.14%. The firm had revenue of $99.91 million during the quarter, compared to analyst estimates of $103.31 million. On average, equities analysts anticipate that Teekay LNG Partners L.P. will post $1.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.07%. Teekay LNG Partners L.P.’s dividend payout ratio (DPR) is presently 32.75%.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/06/teekay-lng-partners-l-p-nysetgp-stake-maintained-by-valmark-advisers-inc.html.

Several research firms have recently issued reports on TGP. Jefferies Group LLC restated a “hold” rating and set a $16.00 target price on shares of Teekay LNG Partners L.P. in a research report on Tuesday, May 30th. ValuEngine lowered Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. TheStreet upgraded Teekay LNG Partners L.P. from a “c” rating to a “b-” rating in a research report on Thursday, May 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $16.00 target price on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Teekay LNG Partners L.P. currently has an average rating of “Hold” and an average target price of $16.60.

About Teekay LNG Partners L.P.

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.

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

Receive News & Ratings for Teekay LNG Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay LNG Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.