Healthcare of Ontario Pension Plan Trust Fund Decreases Holdings in Teekay Co. (NYSE:TK)

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in Teekay Co. (NYSE:TK) by 78.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,100 shares of the shipping company’s stock after selling 332,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.10% of Teekay worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell & Brown Wealth Advisors LLC purchased a new position in Teekay in the fourth quarter valued at approximately $1,439,000. Dimensional Fund Advisors LP grew its stake in shares of Teekay by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,084,487 shares of the shipping company’s stock worth $36,354,000 after acquiring an additional 449,307 shares during the period. Sei Investments Co. increased its holdings in Teekay by 13.4% in the 1st quarter. Sei Investments Co. now owns 537,009 shares of the shipping company’s stock worth $3,909,000 after acquiring an additional 63,504 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Teekay by 66.5% in the 4th quarter. Russell Investments Group Ltd. now owns 128,820 shares of the shipping company’s stock valued at $923,000 after acquiring an additional 51,441 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Teekay by 70.5% during the fourth quarter. BNP Paribas Financial Markets now owns 161,427 shares of the shipping company’s stock valued at $1,154,000 after purchasing an additional 66,726 shares during the last quarter. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Stock Down 1.4 %

Shares of NYSE:TK opened at $8.44 on Friday. The company has a 50-day moving average price of $9.01 and a two-hundred day moving average price of $8.21. Teekay Co. has a twelve month low of $5.70 and a twelve month high of $9.95. The firm has a market capitalization of $767.62 million, a PE ratio of 5.21 and a beta of 0.64.

Teekay (NYSE:TK) last released its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.44 earnings per share for the quarter. The business had revenue of $365.05 million during the quarter. Teekay had a net margin of 11.09% and a return on equity of 7.97%.

Teekay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Tuesday, May 21st were issued a dividend of $2.25 per share. This is a boost from Teekay’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, May 20th. This represents a $9.00 dividend on an annualized basis and a yield of 106.64%. Teekay’s dividend payout ratio is 61.73%.

About Teekay

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.