Boardwalk Pipeline Partners (BWP) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Boardwalk Pipeline Partners (NYSE:BWP) issued its quarterly earnings data on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05, ARN reports.
Shares of Boardwalk Pipeline Partners (NYSE:BWP) opened at 31.25 on Monday. Boardwalk Pipeline Partners has a one year low of $23.55 and a one year high of $33.00. The stock’s 50-day moving average is $30.17 and its 200-day moving average is $29.92. The company has a market cap of $7.601 billion and a price-to-earnings ratio of 25.22.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.53 per share. This represents a $2.13 dividend on an annualized basis and a yield of 6.82%.
BWP has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Boardwalk Pipeline Partners from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $32.40 price target on the stock. Finally, analysts at Morningstar upgraded shares of Boardwalk Pipeline Partners from a “reduce” rating to a “hold” rating in a research note to investors on Monday, August 12th.
Boardwalk Pipeline Partners, LP owns and operates the business conducted by Boardwalk Pipelines, LP (NYSE:BWP) and its subsidiaries, Gulf Crossing Pipeline Company LLC (Gulf Crossing), Gulf South Pipeline Company, LP (Gulf South) and Texas Gas Transmission, LLC (Texas Gas).
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