Sei Investments Co. decreased its holdings in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,540 shares of the pipeline company’s stock after selling 10,940 shares during the quarter. Sei Investments Co.’s holdings in Boardwalk Pipeline Partners were worth $623,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Boardwalk Pipeline Partners by 3.3% during the 2nd quarter. US Bancorp DE now owns 19,895 shares of the pipeline company’s stock worth $359,000 after buying an additional 644 shares during the last quarter. Russell Investments Group Ltd. raised its position in Boardwalk Pipeline Partners by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 642,046 shares of the pipeline company’s stock worth $11,567,000 after buying an additional 93,307 shares during the last quarter. NGAM Advisors L.P. raised its position in Boardwalk Pipeline Partners by 26.3% during the 2nd quarter. NGAM Advisors L.P. now owns 18,091 shares of the pipeline company’s stock worth $326,000 after buying an additional 3,762 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Boardwalk Pipeline Partners by 99.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 276,400 shares of the pipeline company’s stock worth $4,978,000 after buying an additional 138,000 shares during the last quarter. Finally, Beach Investment Management LLC. purchased a new position in Boardwalk Pipeline Partners during the 2nd quarter worth $358,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) opened at $13.21 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 0.56. Boardwalk Pipeline Partners L.P. has a 12 month low of $12.79 and a 12 month high of $18.95. The firm has a market cap of $3,306.41, a price-to-earnings ratio of 9.64 and a beta of 0.72.

Boardwalk Pipeline Partners (NYSE:BWP) last posted its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners had a net margin of 22.50% and a return on equity of 7.55%. The business had revenue of $300.50 million for the quarter, compared to analysts’ expectations of $324.85 million. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. research analysts predict that Boardwalk Pipeline Partners L.P. will post 1.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.03%. Boardwalk Pipeline Partners’s dividend payout ratio (DPR) is presently 33.90%.

BWP has been the subject of a number of analyst reports. ValuEngine downgraded shares of Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $18.00 price objective on shares of Boardwalk Pipeline Partners in a research report on Wednesday, September 6th. UBS restated a “buy” rating and set a $18.00 price objective (down previously from $22.00) on shares of Boardwalk Pipeline Partners in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Citigroup cut their price objective on shares of Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Boardwalk Pipeline Partners presently has a consensus rating of “Hold” and an average target price of $20.50.

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About Boardwalk Pipeline Partners

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 (NYSE:BWP)

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