Teekay LNG Partners LP Announces Quarterly Dividend of $0.14 (TGP)

Marco Green
October 6, 2017

During the same quarter in the previous year, the firm earned $0.01 earnings per share. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector. The Company's modern fleet provides such transportation services to major oil companies, major oil traders and government agencies, principally in the region spanning from the Red Sea to the U.S. West Coast. Prologis Inc (NYSE:PLD) has risen 18.74% since October 5, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%. LLC now owns 19,822 shares of the shipping company's stock valued at $348,000 after purchasing an additional 564 shares in the last quarter. (NYSE TGP) traded up 0.83% on Monday, reaching $18.25. About 84,245 shares traded.

Wall Street analysts predict that Teekay LNG Partners L.P. (NYSE:TGP) will post $102.10 million in sales for the current quarter, according to Zacks Investment Research. It has underperformed by 6.82% the S&P500.

Miller Howard Investments Inc increased Lamar Advertising Co New Cl A (NASDAQ:LAMR) stake by 250,608 shares to 1.11 million valued at $81.72M in 2017Q2.

Teekay Offshore Partners L.P.is an global provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. This represents a $0.56 dividend on an annualized basis and a yield of 3.07%. Therefore 43% are positive. While the stock price moved along with the volume change, shares are touching $2.49. Also, the Hold rating count is 5 as of 10/04/17.

12/10/2014 - ABN Amro began new coverage on Teekay LNG Partners L.P. giving the company a "buy" rating. The count of Hold ratings in that period was 4. (MPO). The consensus rating is 3, suggesting the market has given up on the stock. (NYSE:TGP), 3 have Buy rating, 0 Sell and 4 Hold. Zacks Investment Research raised Teekay LNG Partners L.P. from a "strong sell" rating to a "hold" rating in a research note on Thursday. The company was maintained on Tuesday, June 14 by UBS. As per Friday, December 9, the company rating was initiated by Ladenburg Thalmann. Current price places the company's stock -10.37% away from its 200-day simple moving average, 4.55%, away from the 50-day average and also -2.69% away from 20-day average. Teekay LNG Partners L.P. has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings.

Among 23 analysts covering Prologis (NYSE:PLD), 12 have Buy rating, 1 Sell and 10 Hold. Therefore 14% are positive. Prologis had 50 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, July 17 by Jefferies. ValuEngine upgraded shares of Teekay LNG Partners L.P. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 8th. The ex-dividend date of this dividend is Thursday, November 2nd. Prnewswire.com's article titled: "Prologis Reports No Significant Damage from Hurricane Harvey" and published on September 05, 2017 is yet another important article.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on October, 19. They expect $0.34 earnings per share, up 17.24% or $0.05 from last year's $0.29 per share. PLD's profit will be $351.03 million for 24.48 P/E if the $0.66 EPS becomes a reality.

Investors sentiment decreased to 1.11 in 2017 Q2. Its up 0.03, from 1.23 in 2017Q1. Presima has invested 11.15% in Prologis Inc (NYSE:PLD). State Of Wisconsin Board invested in 0.13% or 667,946 shares. Oppenheimer Co stated it has 0.06% of its portfolio in Prologis Inc (NYSE:PLD). Ellington Grp Ltd Liability Corp accumulated 0.04% or 4,000 shares. The number of shares now owned by investors are 84.08 mln. First Trust Advsrs Lp holds 0% or 12,562 shares. Dimensional Fund Advsr LP accumulated 524,985 shares or 0.02% of the stock. Martingale Asset Mngmt LP reported 0.07% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK).

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