The Goldman Sachs Group, Inc. assumed coverage on shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) in a report issued on Friday. The brokerage issued a sell rating and a $14.00 target price on the pipeline company’s stock.

Other research analysts also recently issued research reports about the company. Citigroup Inc. reduced their target price on Boardwalk Pipeline Partners L.P. from $22.00 to $18.00 and set a buy rating on the stock in a report on Thursday, November 2nd. UBS AG reaffirmed a buy rating and set a $18.00 target price (down previously from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a report on Wednesday, October 4th. Zacks Investment Research downgraded Boardwalk Pipeline Partners L.P. from a hold rating to a sell rating in a report on Friday, October 20th. ValuEngine downgraded Boardwalk Pipeline Partners L.P. from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $18.00 target price on shares of Boardwalk Pipeline Partners L.P. in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Boardwalk Pipeline Partners L.P. has an average rating of Hold and an average target price of $20.50.

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded down $0.32 on Friday, reaching $14.28. The company had a trading volume of 1,284,612 shares, compared to its average volume of 819,298. The stock has a market capitalization of $3,660.00, a P/E ratio of 10.49 and a beta of 0.74. Boardwalk Pipeline Partners L.P. has a 1 year low of $13.40 and a 1 year high of $18.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.56 and a quick ratio of 0.56.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last issued its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $300.50 million during the quarter, compared to the consensus estimate of $324.85 million. Boardwalk Pipeline Partners L.P. had a return on equity of 7.55% and a net margin of 22.50%. Boardwalk Pipeline Partners L.P.’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. sell-side analysts anticipate that Boardwalk Pipeline Partners L.P. will post 1.39 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, November 8th. Boardwalk Pipeline Partners L.P.’s payout ratio is 33.90%.

Institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC increased its position in Boardwalk Pipeline Partners L.P. by 9.0% in the 2nd quarter. Atlantic Trust Group LLC now owns 4,096,632 shares of the pipeline company’s stock valued at $73,780,000 after acquiring an additional 339,460 shares during the period. Goldman Sachs Group Inc. increased its position in Boardwalk Pipeline Partners L.P. by 3.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,806,459 shares of the pipeline company’s stock valued at $68,554,000 after acquiring an additional 140,629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Boardwalk Pipeline Partners L.P. by 3.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,940,534 shares of the pipeline company’s stock valued at $34,949,000 after purchasing an additional 73,627 shares during the period. California Public Employees Retirement System increased its position in shares of Boardwalk Pipeline Partners L.P. by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 240,100 shares of the pipeline company’s stock valued at $4,324,000 after purchasing an additional 10,000 shares during the period. Finally, Cbre Clarion Securities LLC acquired a new position in shares of Boardwalk Pipeline Partners L.P. during the 2nd quarter valued at $1,913,000. Institutional investors and hedge funds own 93.58% of the company’s stock.

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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