Boardwalk Pipeline Partners, LP (BWP) Receives Average Rating of “Hold” from Analysts

Shares of Boardwalk Pipeline Partners, LP (NYSE:BWP) have received an average rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.14.

BWP has been the subject of a number of recent research reports. Zacks Investment Research downgraded Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Boardwalk Pipeline Partners in a research note on Tuesday, October 10th. Citigroup decreased their price target on Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. UBS Group reissued a “buy” rating and issued a $18.00 price target (down previously from $22.00) on shares of Boardwalk Pipeline Partners in a research note on Wednesday, October 4th. Finally, ValuEngine cut Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st.

Shares of Boardwalk Pipeline Partners (BWP) traded down $0.02 on Friday, reaching $13.27. The company had a trading volume of 1,240,000 shares, compared to its average volume of 1,600,000. The company has a market cap of $3,320.00, a P/E ratio of 11.25 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 0.56. Boardwalk Pipeline Partners has a 52-week low of $12.79 and a 52-week high of $18.95.

Boardwalk Pipeline Partners (NYSE:BWP) last issued its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $300.50 million during the quarter, compared to the consensus estimate of $324.85 million. Boardwalk Pipeline Partners had a return on equity of 7.55% and a net margin of 22.50%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. equities analysts predict that Boardwalk Pipeline Partners will post 1.4 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Maple Brown Abbott Ltd lifted its holdings in shares of Boardwalk Pipeline Partners by 28.8% in the third quarter. Maple Brown Abbott Ltd now owns 5,193,027 shares of the pipeline company’s stock valued at $76,337,000 after buying an additional 1,162,584 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Boardwalk Pipeline Partners by 11.3% in the third quarter. Alps Advisors Inc. now owns 10,095,933 shares of the pipeline company’s stock valued at $148,410,000 after buying an additional 1,021,142 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Boardwalk Pipeline Partners in the third quarter valued at $14,543,000. Balyasny Asset Management LLC lifted its holdings in shares of Boardwalk Pipeline Partners by 202.8% in the second quarter. Balyasny Asset Management LLC now owns 1,285,544 shares of the pipeline company’s stock valued at $23,153,000 after buying an additional 861,044 shares during the period. Finally, FMR LLC lifted its holdings in shares of Boardwalk Pipeline Partners by 8.8% in the second quarter. FMR LLC now owns 9,824,830 shares of the pipeline company’s stock valued at $176,945,000 after buying an additional 795,622 shares during the period. 97.18% of the stock is owned by institutional investors.

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Boardwalk Pipeline Partners Company Profile

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

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