Virtu Financial LLC boosted its stake in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 171.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,250 shares of the pipeline company’s stock after buying an additional 41,859 shares during the period. Virtu Financial LLC’s holdings in Boardwalk Pipeline Partners L.P. were worth $1,193,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Boardwalk Pipeline Partners L.P. by 10.6% in the first quarter. Bank of America Corp DE now owns 3,371,237 shares of the pipeline company’s stock worth $61,728,000 after buying an additional 322,563 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Boardwalk Pipeline Partners L.P. by 451.0% in the fourth quarter. Renaissance Technologies LLC now owns 420,995 shares of the pipeline company’s stock worth $7,308,000 after buying an additional 344,595 shares in the last quarter. Usca Ria LLC boosted its stake in Boardwalk Pipeline Partners L.P. by 15.2% in the first quarter. Usca Ria LLC now owns 15,208 shares of the pipeline company’s stock worth $278,000 after buying an additional 2,008 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Boardwalk Pipeline Partners L.P. during the first quarter worth approximately $3,988,000. Finally, Spirit of America Management Corp NY boosted its stake in Boardwalk Pipeline Partners L.P. by 13.8% in the first quarter. Spirit of America Management Corp NY now owns 731,750 shares of the pipeline company’s stock worth $13,398,000 after buying an additional 88,650 shares in the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boardwalk Pipeline Partners L.P. (NYSE BWP) traded down 1.04% on Friday, hitting $16.19. The stock had a trading volume of 661,473 shares. The company has a market cap of $4.05 billion, a P/E ratio of 14.84 and a beta of 0.76. Boardwalk Pipeline Partners L.P. has a 12 month low of $15.99 and a 12 month high of $18.95. The company’s 50 day moving average price is $17.41 and its 200-day moving average price is $18.00.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last announced its earnings results on Monday, July 31st. The pipeline company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Boardwalk Pipeline Partners L.P. had a return on equity of 7.14% and a net margin of 20.78%. The business had revenue of $317.60 million for the quarter, compared to analysts’ expectations of $315.12 million. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that Boardwalk Pipeline Partners L.P. will post $1.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.40 annualized dividend and a yield of 2.47%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio (DPR) is 36.36%.

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BWP has been the topic of a number of recent research reports. Zacks Investment Research cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 target price on shares of Boardwalk Pipeline Partners L.P. in a research note on Thursday, April 13th. BidaskClub raised Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $35.00 target price on shares of Boardwalk Pipeline Partners L.P. in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Boardwalk Pipeline Partners L.P. has a consensus rating of “Hold” and an average price target of $22.75.

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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