Boardwalk Pipeline Partners L.P. (NYSE:BWP) – Stock analysts at US Capital Advisors upped their Q2 2017 earnings per share (EPS) estimates for Boardwalk Pipeline Partners L.P. in a research note issued on Wednesday. US Capital Advisors analyst C. Crosby now anticipates that the pipeline company will post earnings per share of $0.30 for the quarter, up from their prior forecast of $0.27. US Capital Advisors also issued estimates for Boardwalk Pipeline Partners L.P.’s Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.43 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.25 EPS and FY2018 earnings at $1.59 EPS.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last announced its quarterly earnings data on Monday, May 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. The business had revenue of $367 million for the quarter, compared to analysts’ expectations of $354.09 million. Boardwalk Pipeline Partners L.P. had a return on equity of 7.10% and a net margin of 24.11%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share.

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Earnings History and Estimates for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

BWP has been the subject of a number of other reports. BidaskClub cut shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, June 6th. ValuEngine cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company reissued an “outperform” rating and issued a $35.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.50.

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) opened at 17.37 on Friday. The firm has a market capitalization of $4.35 billion, a PE ratio of 13.84 and a beta of 0.80. The stock has a 50 day moving average price of $17.89 and a 200 day moving average price of $18.07. Boardwalk Pipeline Partners L.P. has a 52 week low of $15.97 and a 52 week high of $18.95.

Several large investors have recently modified their holdings of BWP. FMR LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 73.0% in the fourth quarter. FMR LLC now owns 9,558,993 shares of the pipeline company’s stock worth $165,944,000 after buying an additional 4,032,410 shares during the period. Morgan Stanley raised its stake in shares of Boardwalk Pipeline Partners L.P. by 5.3% in the first quarter. Morgan Stanley now owns 8,925,784 shares of the pipeline company’s stock worth $163,432,000 after buying an additional 447,888 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 5.4% in the first quarter. Atlantic Trust Group LLC now owns 3,757,172 shares of the pipeline company’s stock worth $68,794,000 after buying an additional 192,699 shares during the period. Maple Brown Abbott Ltd raised its stake in shares of Boardwalk Pipeline Partners L.P. by 4.0% in the first quarter. Maple Brown Abbott Ltd now owns 3,510,508 shares of the pipeline company’s stock worth $64,277,000 after buying an additional 134,526 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Boardwalk Pipeline Partners L.P. by 10.6% in the first quarter. Bank of America Corp DE now owns 3,371,237 shares of the pipeline company’s stock worth $61,728,000 after buying an additional 322,563 shares during the period. Institutional investors and hedge funds own 99.06% of the company’s stock.

About Boardwalk Pipeline Partners L.P.

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.

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