Boardwalk Pipeline Partners, LP (NYSE:BWP) has earned an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.14.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays raised Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price target on the stock in a research report on Wednesday. Bank of America assumed coverage on Boardwalk Pipeline Partners in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Credit Suisse Group assumed coverage on Boardwalk Pipeline Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, ValuEngine lowered Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its holdings in shares of Boardwalk Pipeline Partners by 13.2% in the 4th quarter. Bank of Montreal Can now owns 2,346,950 shares of the pipeline company’s stock valued at $30,299,000 after acquiring an additional 274,000 shares during the last quarter. Starfire Investment Advisers Inc. bought a new stake in shares of Boardwalk Pipeline Partners in the 4th quarter valued at approximately $730,000. GSA Capital Partners LLP increased its holdings in shares of Boardwalk Pipeline Partners by 151.5% in the 3rd quarter. GSA Capital Partners LLP now owns 37,988 shares of the pipeline company’s stock valued at $558,000 after acquiring an additional 22,884 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Boardwalk Pipeline Partners by 60.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 181,391 shares of the pipeline company’s stock valued at $2,666,000 after acquiring an additional 68,350 shares during the last quarter. Finally, Castleton Investment Management LLC increased its holdings in shares of Boardwalk Pipeline Partners by 9.2% in the 3rd quarter. Castleton Investment Management LLC now owns 201,000 shares of the pipeline company’s stock valued at $2,955,000 after acquiring an additional 17,000 shares during the last quarter. 97.18% of the stock is currently owned by institutional investors.
Boardwalk Pipeline Partners (NYSE:BWP) last released its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $300.50 million for the quarter, compared to analyst estimates of $324.85 million. Boardwalk Pipeline Partners had a return on equity of 7.55% and a net margin of 22.50%. Boardwalk Pipeline Partners’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. sell-side analysts anticipate that Boardwalk Pipeline Partners will post 1.4 earnings per share for the current year.
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Boardwalk Pipeline Partners 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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