Boardwalk Pipeline Partners, LP (BWP) Receives Average Rating of “Hold” from Analysts

Boardwalk Pipeline Partners, LP (NYSE:BWP) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.38.

A number of equities analysts recently weighed in on the stock. Barclays set a $14.00 price objective on shares of Boardwalk Pipeline Partners and gave the stock a “hold” rating in a research report on Monday. Credit Suisse Group assumed coverage on shares of Boardwalk Pipeline Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $15.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Boardwalk Pipeline Partners in a research report on Friday, November 17th. They set a “sell” rating and a $14.00 price objective for the company. Bank of America assumed coverage on shares of Boardwalk Pipeline Partners in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Finally, TheStreet cut shares of Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a research report on Friday, January 19th.

Boardwalk Pipeline Partners (BWP) opened at $11.37 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2,840.86, a P/E ratio of 9.80 and a beta of 0.60. Boardwalk Pipeline Partners has a 1 year low of $11.00 and a 1 year high of $18.79.

Boardwalk Pipeline Partners (NYSE:BWP) last posted its quarterly earnings data on Monday, February 12th. The pipeline company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.07). The company had revenue of $337.50 million for the quarter, compared to analysts’ expectations of $352.58 million. Boardwalk Pipeline Partners had a return on equity of 7.42% and a net margin of 22.46%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. analysts expect that Boardwalk Pipeline Partners will post 1.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.40 dividend on an annualized basis and a yield of 3.52%. Boardwalk Pipeline Partners’s dividend payout ratio (DPR) is presently 34.48%.

Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC lifted its holdings in Boardwalk Pipeline Partners by 36.5% during the 3rd quarter. BB&T Securities LLC now owns 30,160 shares of the pipeline company’s stock worth $443,000 after buying an additional 8,060 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Boardwalk Pipeline Partners during the 3rd quarter worth approximately $14,543,000. Neuberger Berman Group LLC lifted its holdings in Boardwalk Pipeline Partners by 60.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 181,391 shares of the pipeline company’s stock worth $2,666,000 after buying an additional 68,350 shares in the last quarter. Starfire Investment Advisers Inc. acquired a new stake in Boardwalk Pipeline Partners during the 4th quarter worth approximately $730,000. Finally, California Public Employees Retirement System lifted its holdings in Boardwalk Pipeline Partners by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 240,100 shares of the pipeline company’s stock worth $4,324,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 98.12% of the company’s stock.

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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.

Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

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