Boardwalk Pipeline Partners, LP (NYSE:BWP) saw strong trading volume on Monday . 660,884 shares changed hands during trading, an increase of 14% from the previous session’s volume of 581,150 shares.The stock last traded at $17.15 and had previously closed at $17.51.

A number of analysts have issued reports on the company. Zacks Investment Research raised Boardwalk Pipeline Partners, from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday, May 24th. Drexel Hamilton assumed coverage on Boardwalk Pipeline Partners, in a report on Wednesday, April 6th. They set a “buy” rating and a $18.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Boardwalk Pipeline Partners, from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, May 27th. Barclays PLC began coverage on Boardwalk Pipeline Partners, in a report on Wednesday, April 13th. They issued an “underweight” rating and a $15.00 target price for the company. Finally, Ladenburg Thalmann downgraded Boardwalk Pipeline Partners, from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Boardwalk Pipeline Partners, has an average rating of “Buy” and a consensus target price of $19.13.

The company has a market capitalization of $4.27 billion and a PE ratio of 17.78. The company’s 50 day moving average is $17.39 and its 200-day moving average is $14.80.

Boardwalk Pipeline Partners, (NYSE:BWP) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. During the same quarter last year, the firm posted $0.31 EPS. The business earned $345 million during the quarter, compared to analyst estimates of $337.88 million. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Boardwalk Pipeline Partners, LP will post $1.07 earnings per share for the current year.

Other hedge funds and institutional investors have bought and sold shares of the company. California Public Employees Retirement System raised its position in 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 valued at $3,441,000 after buying an additional 10,600 shares during the period. Jennison Associates LLC raised its position in Boardwalk Pipeline Partners, by 156.7% in the fourth quarter. Jennison Associates LLC now owns 429,083 shares of the company’s stock valued at $5,569,000 after buying an additional 261,924 shares during the period. Bank of Montreal Can raised its position in Boardwalk Pipeline Partners, by 29.3% in the fourth quarter. Bank of Montreal Can now owns 617,250 shares of the company’s stock valued at $8,012,000 after buying an additional 140,000 shares during the period. Atlantic Trust Group LLC raised its position in 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 valued at $46,590,000 after buying an additional 87,510 shares during the period. Finally, Morgan Stanley raised its position in Boardwalk Pipeline Partners, by 10.0% in the fourth quarter. Morgan Stanley now owns 7,581,582 shares of the company’s stock valued at $98,409,000 after buying an additional 691,352 shares during the period.

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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