Maple Brown Abbott Ltd boosted its position in shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 14.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,030,443 shares of the pipeline company’s stock after buying an additional 519,935 shares during the period. Boardwalk Pipeline Partners L.P. comprises approximately 7.5% of Maple Brown Abbott Ltd’s holdings, making the stock its 4th largest position. Maple Brown Abbott Ltd’s holdings in Boardwalk Pipeline Partners L.P. were worth $72,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWP. Advisory Services Network LLC purchased a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $117,000. Sheaff Brock Investment Advisors LLC boosted its position in shares of Boardwalk Pipeline Partners L.P. by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,210 shares of the pipeline company’s stock worth $205,000 after buying an additional 31 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $230,000. Creative Planning boosted its position in shares of Boardwalk Pipeline Partners L.P. by 6.5% in the second quarter. Creative Planning now owns 13,072 shares of the pipeline company’s stock worth $235,000 after buying an additional 800 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth about $243,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) opened at 15.63 on Thursday. The company’s 50-day moving average is $17.22 and its 200-day moving average is $17.91. Boardwalk Pipeline Partners L.P. has a one year low of $15.48 and a one year high of $18.95. The firm has a market cap of $3.91 billion, a PE ratio of 14.33 and a beta of 0.76.

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 for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $315.12 million. Boardwalk Pipeline Partners L.P. had a net margin of 20.78% and a return on equity of 7.14%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, analysts forecast that Boardwalk Pipeline Partners L.P. will post $1.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, August 8th. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is presently 36.36%.

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A number of brokerages recently issued reports on BWP. Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub cut shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada cut shares of Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $22.00 to $18.00 in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.75.

About Boardwalk Pipeline Partners L.P.

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 L.P. (NYSE:BWP)

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