Shares of Boardwalk Pipeline Partners, LP (NYSE:BWP) were down 1.4% during trading on Monday . The stock traded as low as $17.11 and last traded at $17.12, with a volume of 256,544 shares. The stock had previously closed at $17.37.

Several analysts recently commented on BWP shares. Zacks Investment Research raised Boardwalk Pipeline Partners, from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, May 6th. Drexel Hamilton reaffirmed a “buy” rating and set a $18.00 target price on shares of Boardwalk Pipeline Partners, in a report on Tuesday, April 12th. JPMorgan Chase & Co. raised their target price on Boardwalk Pipeline Partners, from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, May 27th. Finally, Barclays PLC started coverage on Boardwalk Pipeline Partners, in a report on Wednesday, April 13th. They set an “underweight” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.43.

The firm has a market cap of $4.29 billion and a P/E ratio of 17.86. The company’s 50 day moving average is $17.43 and its 200 day moving average is $14.47.

Boardwalk Pipeline Partners, (NYSE:BWP) last issued its earnings results on Monday, May 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The business earned $345 million during the quarter, compared to the consensus estimate of $337.88 million. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. On average, equities research analysts anticipate that Boardwalk Pipeline Partners, LP will post $1.09 EPS for the current year.

A number of institutional investors have modified their holdings of BWP. California Public Employees Retirement System boosted its position in shares of Boardwalk Pipeline Partners, by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 265,100 shares of the company’s stock worth $3,441,000 after buying an additional 10,600 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Boardwalk Pipeline Partners, by 156.7% in the fourth quarter. Jennison Associates LLC now owns 429,083 shares of the company’s stock worth $5,569,000 after buying an additional 261,924 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Boardwalk Pipeline Partners, by 29.3% in the fourth quarter. Bank of Montreal Can now owns 617,250 shares of the company’s stock worth $8,012,000 after buying an additional 140,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Boardwalk Pipeline Partners, by 30.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,440,804 shares of the company’s stock worth $18,702,000 after buying an additional 339,124 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position in shares of Boardwalk Pipeline Partners, by 2.5% in the fourth quarter. Atlantic Trust Group LLC now owns 3,589,426 shares of the company’s stock worth $46,590,000 after buying an additional 87,510 shares in the last quarter.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company conducts business through its primary subsidiary, Boardwalk Pipelines, LP, and its subsidiaries, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Gulf Crossing Pipeline Company LLC, Boardwalk Louisiana Midstream, LLC, Boardwalk Petrochemical Pipeline, LLC and Boardwalk Field Services, LLC.

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