Global X Management Co. LLC increased its position in shares of Boardwalk Pipeline Partners, LP (NYSE:BWP) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 421,953 shares of the company’s stock after buying an additional 25,363 shares during the period. Global X Management Co. LLC owned about 0.17% of Boardwalk Pipeline Partners, worth $7,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BWP. Ingalls & Snyder LLC bought a new position in shares of Boardwalk Pipeline Partners, during the third quarter worth about $190,000. Alps Advisors Inc. bought a new position in shares of Boardwalk Pipeline Partners, during the third quarter worth about $135,669,000. Pointe Capital Management LLC boosted its position in Boardwalk Pipeline Partners, by 1.4% in the third quarter. Pointe Capital Management LLC now owns 29,672 shares of the company’s stock worth $509,000 after buying an additional 399 shares in the last quarter. BB&T Corp acquired a new position in Boardwalk Pipeline Partners, during the third quarter worth approximately $172,000. Finally, First Trust Advisors LP boosted its position in Boardwalk Pipeline Partners, by 33.0% in the third quarter. First Trust Advisors LP now owns 155,207 shares of the company’s stock worth $2,663,000 after buying an additional 38,527 shares in the last quarter.

Institutional Ownership by Quarter for Boardwalk Pipeline Partners, (NYSE:BWP)

Shares of Boardwalk Pipeline Partners, LP (NYSE:BWP) traded up 0.66% during mid-day trading on Tuesday, hitting $16.82. The stock had a trading volume of 207,015 shares. The stock has a market cap of $4.21 billion, a P/E ratio of 15.36 and a beta of 0.80. The firm has a 50 day moving average of $16.85 and a 200-day moving average of $16.98. Boardwalk Pipeline Partners, LP has a one year low of $8.86 and a one year high of $18.16.

Boardwalk Pipeline Partners, (NYSE:BWP) last posted its earnings results on Monday, October 31st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. The company earned $303.30 million during the quarter, compared to analysts’ expectations of $299.47 million. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. Equities research analysts expect that Boardwalk Pipeline Partners, LP will post $1.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, November 8th.

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A number of research analysts recently commented on the company. Zacks Investment Research cut Boardwalk Pipeline Partners, from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Barclays PLC boosted their price target on Boardwalk Pipeline Partners, from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 2nd. Janney Montgomery Scott assumed coverage on Boardwalk Pipeline Partners, in a report on Thursday, September 29th. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, Credit Suisse Group AG reissued a “neutral” rating on shares of Boardwalk Pipeline Partners, in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.57.

About Boardwalk Pipeline Partners,

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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