HAP Trading LLC purchased a new stake in Boardwalk Pipeline Partners L.P. (NYSE:BWP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,534 shares of the pipeline company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Boardwalk Pipeline Partners L.P. by 0.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 11,241 shares of the pipeline company’s stock valued at $202,000 after purchasing an additional 31 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of Boardwalk Pipeline Partners L.P. in the first quarter valued at about $230,000. Creative Planning lifted its holdings 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 valued at $235,000 after purchasing an additional 800 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Boardwalk Pipeline Partners L.P. in the first quarter valued at about $243,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Boardwalk Pipeline Partners L.P. by 3.2% in the second quarter. Proficio Capital Partners LLC now owns 15,989 shares of the pipeline company’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on BWP. BidaskClub downgraded shares of Boardwalk Pipeline Partners L.P. from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada downgraded shares of Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $22.00 to $18.00 in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Boardwalk Pipeline Partners L.P. presently has a consensus rating of “Hold” and a consensus price target of $22.75.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded down 0.13% during mid-day trading on Thursday, hitting $15.20. 50,740 shares of the company were exchanged. Boardwalk Pipeline Partners L.P. has a 12-month low of $14.40 and a 12-month high of $18.95. The stock’s 50 day moving average is $15.51 and its 200-day moving average is $17.32. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 13.93 and a beta of 0.78.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last posted its quarterly earnings results on Monday, July 31st. The pipeline company reported $0.28 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $315.12 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Boardwalk Pipeline Partners L.P. will post $1.38 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 10th were paid a $0.10 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.63%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is presently 36.36%.

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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.

Institutional Ownership by Quarter for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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