BNP Paribas Arbitrage SA trimmed its stake in shares of Teekay LNG Partners L.P. (NYSE:TGP) by 37.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,213 shares of the shipping company’s stock after selling 71,379 shares during the quarter. BNP Paribas Arbitrage SA owned 0.15% of Teekay LNG Partners L.P. worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Teekay LNG Partners L.P. by 13.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,500,726 shares of the shipping company’s stock worth $38,386,000 after purchasing an additional 295,184 shares in the last quarter. Icon Advisers Inc. Co. lifted its holdings in Teekay LNG Partners L.P. by 9.5% during the 2nd quarter. Icon Advisers Inc. Co. now owns 556,207 shares of the shipping company’s stock worth $8,538,000 after buying an additional 48,200 shares during the last quarter. Airain ltd lifted its holdings in Teekay LNG Partners L.P. by 14.9% during the 2nd quarter. Airain ltd now owns 167,745 shares of the shipping company’s stock worth $2,575,000 after buying an additional 21,699 shares during the last quarter. Bank of America Corp DE lifted its holdings in Teekay LNG Partners L.P. by 135.8% during the 1st quarter. Bank of America Corp DE now owns 69,071 shares of the shipping company’s stock worth $1,212,000 after buying an additional 39,781 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Teekay LNG Partners L.P. during the 2nd quarter worth about $1,073,000. 37.99% of the stock is owned by hedge funds and other institutional investors.

Teekay LNG Partners L.P. (NYSE:TGP) remained flat at $$17.20 during trading on Friday. 153,000 shares of the stock traded hands, compared to its average volume of 301,173. Teekay LNG Partners L.P. has a 1 year low of $13.80 and a 1 year high of $19.90. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1,369.58, a PE ratio of 19.77 and a beta of 1.26.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, November 2nd. Teekay LNG Partners L.P.’s dividend payout ratio is presently 68.29%.

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A number of analysts have issued reports on TGP shares. ValuEngine downgraded Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. TheStreet downgraded Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $16.00 target price on shares of Teekay LNG Partners L.P. in a report on Friday, October 13th. Finally, UBS AG reduced their target price on Teekay LNG Partners L.P. from $26.00 to $24.00 and set a “buy” rating for the company in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Teekay LNG Partners L.P. has a consensus rating of “Hold” and an average price target of $17.50.

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)

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