Boardwalk Pipeline Partners L.P. (NYSE:BWP) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

BWP has been the subject of a number of other research reports. TheStreet upgraded Boardwalk Pipeline Partners L.P. from a “c+” rating to a “b-” rating in a research report on Thursday, March 9th. Zacks Investment Research cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Thursday, April 13th. ValuEngine cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $35.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.33.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded down 0.06% during midday trading on Thursday, hitting $17.70. 558,945 shares of the stock were exchanged. The stock has a market cap of $4.43 billion, a P/E ratio of 14.10 and a beta of 0.77. Boardwalk Pipeline Partners L.P. has a one year low of $15.97 and a one year high of $18.95. The firm has a 50-day moving average price of $17.80 and a 200-day moving average price of $18.08.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last posted its quarterly earnings data on Monday, May 1st. The pipeline company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $367 million during 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 firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. On average, equities research analysts anticipate that Boardwalk Pipeline Partners L.P. will post $1.40 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $117,000. Sheaff Brock Investment Advisors LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,210 shares of the pipeline company’s stock worth $205,000 after buying an additional 31 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $230,000. Stifel Financial Corp acquired a new stake in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $243,000. Finally, Usca Ria LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 15.2% in the first quarter. Usca Ria LLC now owns 15,208 shares of the pipeline company’s stock worth $278,000 after buying an additional 2,008 shares during the last quarter. 99.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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