Boardwalk Pipeline Partners L.P. (BWP) Holdings Cut by Cowen Inc.

Cowen Inc. trimmed its stake in shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,700 shares of the pipeline company’s stock after selling 440 shares during the period. Cowen Inc.’s holdings in Boardwalk Pipeline Partners L.P. were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BWP. Alps Advisors Inc. lifted its stake in shares of Boardwalk Pipeline Partners L.P. by 3.6% in the second quarter. Alps Advisors Inc. now owns 9,074,791 shares of the pipeline company’s stock worth $163,437,000 after buying an additional 314,227 shares in the last quarter. Morgan Stanley lifted its stake in shares of Boardwalk Pipeline Partners L.P. by 5.3% in the first quarter. Morgan Stanley now owns 8,925,784 shares of the pipeline company’s stock worth $163,432,000 after buying an additional 447,888 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in shares of Boardwalk Pipeline Partners L.P. by 9.0% in the second quarter. Atlantic Trust Group LLC now owns 4,096,632 shares of the pipeline company’s stock worth $73,780,000 after buying an additional 339,460 shares in the last quarter. Maple Brown Abbott Ltd lifted its stake in shares of Boardwalk Pipeline Partners L.P. by 14.8% in the second quarter. Maple Brown Abbott Ltd now owns 4,030,443 shares of the pipeline company’s stock worth $72,588,000 after buying an additional 519,935 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of 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. 94.05% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Boardwalk Pipeline Partners L.P. (BWP) Holdings Cut by Cowen Inc.” was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.thestockobserver.com/2017/09/12/boardwalk-pipeline-partners-l-p-bwp-holdings-cut-by-cowen-inc.html.

BWP has been the topic of several research reports. ValuEngine downgraded shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Boardwalk Pipeline Partners L.P. in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.75.

Shares of Boardwalk Pipeline Partners L.P. (BWP) traded up 0.60% during trading on Tuesday, reaching $15.15. 267,423 shares of the company’s stock were exchanged. Boardwalk Pipeline Partners L.P. has a 52 week low of $14.40 and a 52 week high of $18.95. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.89 and a beta of 0.78. The stock has a 50 day moving average price of $15.58 and a 200-day moving average price of $17.36.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last released its earnings results on Monday, July 31st. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $317.60 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. Analysts predict that Boardwalk Pipeline Partners L.P. will post $1.38 earnings per share for the current year.

The company also recently announced 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 of this dividend was Tuesday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio (DPR) is 36.36%.

Boardwalk Pipeline Partners L.P. 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.

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

Receive News & Ratings for Boardwalk Pipeline Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply