Credit Suisse Group began coverage on shares of Boardwalk Pipeline Partners (NYSE:BWP) in a research report report published on Thursday morning. The brokerage issued a neutral rating and a $15.00 price target on the pipeline company’s stock.

BWP has been the subject of a number of other research reports. Goldman Sachs Group began coverage on Boardwalk Pipeline Partners in a report on Friday, November 17th. They issued a sell rating and a $14.00 price target for the company. Royal Bank of Canada reissued a hold rating and issued a $18.00 price target on shares of Boardwalk Pipeline Partners in a report on Wednesday, September 6th. ValuEngine downgraded Boardwalk Pipeline Partners from a buy rating to a hold rating in a report on Sunday, December 31st. Zacks Investment Research raised Boardwalk Pipeline Partners from a sell rating to a hold rating in a report on Friday, November 10th. Finally, UBS Group reissued a buy rating and issued a $18.00 price target (down previously from $22.00) on shares of Boardwalk Pipeline Partners in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Boardwalk Pipeline Partners presently has an average rating of Hold and a consensus price target of $19.71.

Shares of Boardwalk Pipeline Partners (NYSE BWP) traded up $0.12 during midday trading on Thursday, hitting $13.24. The stock had a trading volume of 957,300 shares, compared to its average volume of 1,297,033. Boardwalk Pipeline Partners has a 52 week low of $12.79 and a 52 week high of $18.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $3,283.88, a P/E ratio of 11.22 and a beta of 0.72.

Boardwalk Pipeline Partners (NYSE:BWP) last issued its earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners had a return on equity of 7.55% and a net margin of 22.50%. The company had revenue of $300.50 million during the quarter, compared to the consensus estimate of $324.85 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. sell-side analysts expect that Boardwalk Pipeline Partners will post 1.41 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BB&T Securities LLC raised its stake in Boardwalk Pipeline Partners by 36.5% during the third quarter. BB&T Securities LLC now owns 30,160 shares of the pipeline company’s stock valued at $443,000 after buying an additional 8,060 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Boardwalk Pipeline Partners during the third quarter valued at approximately $14,543,000. California Public Employees Retirement System raised its stake in Boardwalk Pipeline Partners by 4.3% during the second quarter. California Public Employees Retirement System now owns 240,100 shares of the pipeline company’s stock valued at $4,324,000 after buying an additional 10,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Boardwalk Pipeline Partners by 3.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,806,459 shares of the pipeline company’s stock valued at $68,554,000 after buying an additional 140,629 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its stake in Boardwalk Pipeline Partners by 10.7% during the third quarter. Tocqueville Asset Management L.P. now owns 830,674 shares of the pipeline company’s stock valued at $12,211,000 after buying an additional 80,500 shares in the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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Boardwalk Pipeline Partners Company Profile

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.

Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

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