Brokerages expect that Boardwalk Pipeline Partners L.P. (NYSE:BWP) will post sales of $321.91 million for the current quarter, according to Zacks. Four analysts have issued estimates for Boardwalk Pipeline Partners L.P.’s earnings. The highest sales estimate is $329.90 million and the lowest is $310.46 million. Boardwalk Pipeline Partners L.P. reported sales of $303.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The company is expected to announce its next earnings results on Monday, October 30th.

On average, analysts expect that Boardwalk Pipeline Partners L.P. will report full-year sales of $321.91 million for the current financial year, with estimates ranging from $1.36 billion to $1.40 billion. For the next year, analysts forecast that the business will report sales of $1.46 billion per share, with estimates ranging from $1.37 billion to $1.55 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Boardwalk Pipeline Partners L.P..

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last issued its quarterly earnings data on Monday, July 31st. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Boardwalk Pipeline Partners L.P. had a net margin of 20.78% and a return on equity of 7.14%. The company had revenue of $317.60 million for the quarter, compared to analysts’ expectations of $315.12 million. During the same quarter last year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

Several brokerages have recently weighed in on BWP. BidaskClub cut Boardwalk Pipeline Partners L.P. from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada cut Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $22.00 to $18.00 in a report on Tuesday, August 1st. Zacks Investment Research cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.75.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in Boardwalk Pipeline Partners L.P. by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 548,739 shares of the pipeline company’s stock valued at $10,051,000 after purchasing an additional 36,791 shares during the period. First Trust Advisors LP raised its position in Boardwalk Pipeline Partners L.P. by 100.2% in the first quarter. First Trust Advisors LP now owns 296,732 shares of the pipeline company’s stock valued at $5,433,000 after purchasing an additional 148,544 shares during the period. US Bancorp DE raised its position in Boardwalk Pipeline Partners L.P. by 347.7% in the first quarter. US Bancorp DE now owns 19,251 shares of the pipeline company’s stock valued at $353,000 after purchasing an additional 14,951 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in Boardwalk Pipeline Partners L.P. in the first quarter valued at approximately $230,000. Finally, Ameriprise Financial Inc. raised its position in Boardwalk Pipeline Partners L.P. by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 169,029 shares of the pipeline company’s stock valued at $3,095,000 after purchasing an additional 7,760 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded up 0.099% during midday trading on Thursday, reaching $15.235. The company’s stock had a trading volume of 273,292 shares. Boardwalk Pipeline Partners L.P. has a one year low of $14.40 and a one year high of $18.95. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 13.964 and a beta of 0.78. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $17.32.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, August 8th. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is presently 36.36%.

Boardwalk Pipeline Partners L.P. 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.

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

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