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Analysts at Ladenburg Thalmann decreased their price objective on shares of El Paso Pipeline Partners (NYSE:EPB) from $39.00 to $37.00 in a research report issued to clients and investors on Monday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Ladenburg Thalmann’s target price would suggest a potential upside of 12.77% from the stock’s previous close.

El Paso Pipeline Partners (NYSE:EPB) traded down 1.43% during mid-day trading on Monday, hitting $32.34. 486,137 shares of the company’s stock traded hands. El Paso Pipeline Partners has a 1-year low of $31.96 and a 1-year high of $44.99. The stock’s 50-day moving average is $34.50 and its 200-day moving average is $39.55. The company has a market cap of $7.050 billion and a price-to-earnings ratio of 17.62.

El Paso Pipeline Partners (NYSE:EPB) last released its earnings data on Wednesday, January 15th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.03. The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $389.05 million. During the same quarter last year, the company posted $0.62 earnings per share. El Paso Pipeline Partners’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that El Paso Pipeline Partners will post $1.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of 0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Wednesday, January 29th.

A number of other analysts have also recently weighed in on EPB. Analysts at Goldman Sachs Group Inc. downgraded shares of El Paso Pipeline Partners from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Barclays cut their price target on shares of El Paso Pipeline Partners from $44.00 to $35.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of El Paso Pipeline Partners from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday, December 4th. They now have a $37.00 price target on the stock, down previously from $40.00. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $40.33.

El Paso Pipeline Partners, L.P. owns and operates natural gas transportation pipelines and storage assets.

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