Boardwalk Pipeline Partners L.P. (NYSE:BWP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.44 and last traded at $14.46, with a volume of 234,038 shares traded. The stock had previously closed at $14.85.

BWP has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, June 6th. BidaskClub raised Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Boardwalk Pipeline Partners L.P. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, July 3rd. ValuEngine cut Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.75.

The stock has a market capitalization of $3.69 billion, a P/E ratio of 13.50 and a beta of 0.76. The firm has a 50-day moving average of $16.66 and a 200-day moving average of $17.71.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last issued its earnings results on Monday, July 31st. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. Boardwalk Pipeline Partners L.P. had a net margin of 20.78% and a return on equity of 7.14%. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $315.12 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that Boardwalk Pipeline Partners L.P. will post $1.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, August 8th. Boardwalk Pipeline Partners L.P.’s payout ratio is 36.36%.

A number of hedge funds have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC raised its stake 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 last quarter. CNH Partners LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.3% in the second quarter. CNH Partners LLC now owns 37,302 shares of the pipeline company’s stock worth $672,000 after buying an additional 100 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.7% in the first quarter. Sigma Planning Corp now owns 17,301 shares of the pipeline company’s stock worth $317,000 after buying an additional 113 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.6% in the first quarter. Janney Montgomery Scott LLC now owns 52,691 shares of the pipeline company’s stock worth $965,000 after buying an additional 335 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 110,112 shares of the pipeline company’s stock worth $2,016,000 after buying an additional 427 shares during the last quarter. 99.03% of the stock is owned by institutional investors and hedge funds.

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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.

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