Boardwalk Pipeline Partners, LP (NYSE:BWP) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.00.

Several research firms recently weighed in on BWP. Ladenburg Thalmann cut Boardwalk Pipeline Partners, from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Thursday, July 21st. Zacks Investment Research raised Boardwalk Pipeline Partners, from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 18th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Boardwalk Pipeline Partners, in a report on Tuesday, August 16th. Janney Montgomery Scott began coverage on Boardwalk Pipeline Partners, in a report on Thursday, September 29th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, Barclays PLC upped their price target on Boardwalk Pipeline Partners, from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 2nd.

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its stake in Boardwalk Pipeline Partners, by 215.0% in the third quarter. Advisory Services Network LLC now owns 6,458 shares of the company’s stock valued at $111,000 after buying an additional 4,408 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Boardwalk Pipeline Partners, during the third quarter valued at $209,000. Royal Bank of Canada raised its stake in Boardwalk Pipeline Partners, by 1.3% in the second quarter. Royal Bank of Canada now owns 393,387 shares of the company’s stock valued at $6,864,000 after buying an additional 5,016 shares in the last quarter. Harvest Fund Advisors LLC raised its stake in Boardwalk Pipeline Partners, by 30.4% in the second quarter. Harvest Fund Advisors LLC now owns 7,677,544 shares of the company’s stock valued at $133,973,000 after buying an additional 1,788,218 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in Boardwalk Pipeline Partners, by 8,156.5% in the second quarter. Cohen & Steers Inc. now owns 51,190 shares of the company’s stock valued at $1,248,000 after buying an additional 50,570 shares in the last quarter.

Shares of Boardwalk Pipeline Partners, (NYSE:BWP) traded down 0.36% during mid-day trading on Tuesday, reaching $16.81. The company’s stock had a trading volume of 148,372 shares. Boardwalk Pipeline Partners, has a 12 month low of $8.86 and a 12 month high of $18.16. The firm has a market capitalization of $4.21 billion, a P/E ratio of 15.87 and a beta of 0.80. The company has a 50 day moving average of $16.71 and a 200-day moving average of $16.63.

Boardwalk Pipeline Partners, (NYSE:BWP) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $306.30 million for the quarter, compared to analyst estimates of $299.35 million. During the same period in the prior year, the firm posted $0.16 EPS. Boardwalk Pipeline Partners,’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts forecast that Boardwalk Pipeline Partners, will post $1.16 EPS for the current year.

Boardwalk Pipeline Partners, Company Profile

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company conducts business through its primary subsidiary, Boardwalk Pipelines, LP, and its subsidiaries, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Gulf Crossing Pipeline Company LLC, Boardwalk Louisiana Midstream, LLC, Boardwalk Petrochemical Pipeline, LLC and Boardwalk Field Services, LLC.

5 Day Chart for NYSE:BWP

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