Boardwalk Pipeline Partners, LP (NYSE:BWP) has received an average rating of “Hold” from the seven analysts that are covering the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.00.

Several analysts have recently weighed in on BWP shares. Zacks Investment Research lowered Boardwalk Pipeline Partners, from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Barclays PLC upped their price objective on Boardwalk Pipeline Partners, from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG restated a “neutral” rating on shares of Boardwalk Pipeline Partners, in a report on Tuesday, August 16th. Finally, Janney Montgomery Scott started coverage on Boardwalk Pipeline Partners, in a report on Thursday, September 29th. They issued a “neutral” rating and a $18.00 price objective for the company.

Large investors have recently made changes to their positions in the stock. LPL Financial LLC bought a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at approximately $315,000. Credit Suisse AG increased its stake in shares of Boardwalk Pipeline Partners, by 3.9% in the third quarter. Credit Suisse AG now owns 905,761 shares of the company’s stock valued at $15,543,000 after buying an additional 33,704 shares in the last quarter. Boyer & Corporon Wealth Management LLC increased its stake in shares of Boardwalk Pipeline Partners, by 8.1% in the third quarter. Boyer & Corporon Wealth Management LLC now owns 64,567 shares of the company’s stock valued at $1,108,000 after buying an additional 4,827 shares in the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at approximately $324,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at approximately $120,000.

Shares of Boardwalk Pipeline Partners, (NYSE:BWP) opened at 17.04 on Tuesday. The company’s 50-day moving average price is $16.86 and its 200-day moving average price is $16.91. Boardwalk Pipeline Partners, has a 52-week low of $8.86 and a 52-week high of $18.16. The stock has a market cap of $4.27 billion, a PE ratio of 15.56 and a beta of 0.80.

Boardwalk Pipeline Partners, (NYSE:BWP) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. The business earned $303.30 million during the quarter, compared to the consensus estimate of $299.47 million. During the same period in the previous year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that Boardwalk Pipeline Partners, will post $1.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, November 8th.

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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