Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $23.67.

Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada cut shares of Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $22.00 to $18.00 in a research report on Tuesday, August 1st. Finally, ValuEngine cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers acquired a new position in Boardwalk Pipeline Partners L.P. during the second quarter worth about $248,000. Raymond James Financial Services Advisors Inc. raised its stake in Boardwalk Pipeline Partners L.P. by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 110,753 shares of the pipeline company’s stock worth $1,995,000 after acquiring an additional 641 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Boardwalk Pipeline Partners L.P. by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock worth $133,000 after acquiring an additional 494 shares in the last quarter. CNH Partners LLC raised its stake in Boardwalk Pipeline Partners L.P. by 0.3% during the second quarter. CNH Partners LLC now owns 37,302 shares of the pipeline company’s stock worth $672,000 after acquiring an additional 100 shares in the last quarter. Finally, Castleton Investment Management LLC raised its stake in Boardwalk Pipeline Partners L.P. by 85.9% during the second quarter. Castleton Investment Management LLC now owns 184,000 shares of the pipeline company’s stock worth $3,313,000 after acquiring an additional 85,000 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/09/17/boardwalk-pipeline-partners-l-p-bwp-given-consensus-rating-of-hold-by-brokerages.html.

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded down 0.13% during midday trading on Friday, hitting $14.83. 2,760,288 shares of the company were exchanged. Boardwalk Pipeline Partners L.P. has a one year low of $14.40 and a one year high of $18.95. The company has a market capitalization of $3.71 billion, a P/E ratio of 13.59 and a beta of 0.78. The company has a 50-day moving average of $15.30 and a 200 day moving average of $17.26.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last posted its quarterly earnings data on Monday, July 31st. The pipeline company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Boardwalk Pipeline Partners L.P. had a return on equity of 7.14% and a net margin of 20.78%. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $315.12 million. During the same period in the prior year, the company earned $0.26 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Boardwalk Pipeline Partners L.P. will post $1.38 earnings per share for the current fiscal year.

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.

Receive News & Ratings for Boardwalk Pipeline Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.