Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 3.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,940,534 shares of the pipeline company’s stock after buying an additional 73,627 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.78% of Boardwalk Pipeline Partners L.P. worth $34,949,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. 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 worth $965,000 after buying an additional 335 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 214.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 138,400 shares of the pipeline company’s stock worth $2,534,000 after buying an additional 94,400 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 548,739 shares of the pipeline company’s stock worth $10,051,000 after buying an additional 36,791 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Boardwalk Pipeline Partners L.P. by 3.3% in the first quarter. Jennison Associates LLC now owns 825,241 shares of the pipeline company’s stock worth $15,110,000 after buying an additional 26,642 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth approximately $117,000. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boardwalk Pipeline Partners L.P. (NYSE BWP) opened at 15.07 on Friday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.81 and a beta of 0.79. Boardwalk Pipeline Partners L.P. has a 52 week low of $14.40 and a 52 week high of $18.95. The firm’s 50-day moving average is $15.96 and its 200-day moving average is $17.48.

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. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $315.12 million. Boardwalk Pipeline Partners L.P. had a net margin of 20.78% and a return on equity of 7.14%. Boardwalk Pipeline Partners L.P.’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. Analysts forecast that Boardwalk Pipeline Partners L.P. will post $1.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.65%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is currently 36.36%.

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BWP has been the topic of a number of analyst reports. Wells Fargo & Company reissued an “outperform” rating and issued a $35.00 price target on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, May 9th. ValuEngine lowered shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a report on Tuesday, June 6th. BidaskClub lowered shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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.

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

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