Global X Management Co. LLC raised its position in shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 28.8% during the second quarter, Holdings Channel reports. The firm owned 774,619 shares of the pipeline company’s stock after buying an additional 173,026 shares during the period. Global X Management Co. LLC’s holdings in Boardwalk Pipeline Partners L.P. were worth $13,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth approximately $117,000. Sheaff Brock Investment Advisors LLC raised 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 during the period. BNP Paribas Arbitrage SA acquired a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth approximately $230,000. Creative Planning raised 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 during the period. Finally, Stifel Financial Corp acquired a new position in shares of Boardwalk Pipeline Partners L.P. during the first quarter worth approximately $243,000. 98.72% of the stock is currently owned by institutional investors.

Boardwalk Pipeline Partners L.P. (NYSE BWP) opened at 15.63 on Thursday. The company’s 50-day moving average price is $17.22 and its 200-day moving average price is $17.91. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.33 and a beta of 0.76. Boardwalk Pipeline Partners L.P. has a 12-month low of $15.48 and a 12-month high of $18.95.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last announced its quarterly earnings results on Monday, July 31st. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.01. Boardwalk Pipeline Partners L.P. had a return on equity of 7.14% and a net margin of 20.78%. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $315.12 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that Boardwalk Pipeline Partners L.P. will post $1.42 EPS for the current fiscal year.

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

COPYRIGHT VIOLATION WARNING: “Boardwalk Pipeline Partners L.P. (NYSE:BWP) Shares Bought by Global X Management Co. LLC” was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/10/boardwalk-pipeline-partners-l-p-nysebwp-shares-bought-by-global-x-management-co-llc.html.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub lowered 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 lowered Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $22.00 to $18.00 in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.75.

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.

Want to see what other hedge funds are holding BWP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boardwalk Pipeline Partners L.P. (NYSE:BWP).

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.