Wellington Management Group LLP cut its stake in shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 22.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,880 shares of the pipeline company’s stock after selling 27,150 shares during the period. Wellington Management Group LLP’s holdings in Boardwalk Pipeline Partners L.P. were worth $1,701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC increased its position in Boardwalk Pipeline Partners L.P. by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,210 shares of the pipeline company’s stock valued at $205,000 after buying an additional 31 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 0.7% in the first quarter. Sigma Planning Corp now owns 17,301 shares of the pipeline company’s stock valued at $317,000 after buying an additional 113 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 0.6% in the first quarter. Janney Montgomery Scott LLC now owns 52,691 shares of the pipeline company’s stock valued at $965,000 after buying an additional 335 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 110,112 shares of the pipeline company’s stock valued at $2,016,000 after buying an additional 427 shares during the last quarter. Finally, Oxbow Advisors LLC boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 1.8% in the first quarter. Oxbow Advisors LLC now owns 31,435 shares of the pipeline company’s stock valued at $576,000 after buying an additional 565 shares during the last quarter. 99.18% of the stock is owned by hedge funds and other institutional investors.

Boardwalk Pipeline Partners L.P. (BWP) opened at 17.30 on Wednesday. Boardwalk Pipeline Partners L.P. has a 12-month low of $15.97 and a 12-month high of $18.95. The stock has a market capitalization of $4.33 billion, a PE ratio of 13.78 and a beta of 0.77. The stock’s 50 day moving average price is $17.56 and its 200-day moving average price is $18.07.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last announced its quarterly earnings data on Monday, May 1st. The pipeline company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. The business had revenue of $367 million during the quarter, compared to the consensus estimate of $354.09 million. Boardwalk Pipeline Partners L.P. had a return on equity of 7.10% and a net margin of 24.11%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Analysts expect that Boardwalk Pipeline Partners L.P. will post $1.40 earnings per share for the current year.

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BWP has been the subject of several analyst reports. Zacks Investment Research upgraded Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, April 13th. Royal Bank Of Canada restated a “buy” rating and issued a $21.00 target price on shares of Boardwalk Pipeline Partners L.P. in a report on Thursday, April 13th. BidaskClub upgraded Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $35.00 target price on shares of Boardwalk Pipeline Partners L.P. in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.33.

About Boardwalk Pipeline Partners L.P.

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.

Institutional Ownership by Quarter for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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