Boardwalk Pipeline Partners, LP (BWP) Holdings Increased by Infrastructure Capital Advisors LLC
Infrastructure Capital Advisors LLC raised its holdings in Boardwalk Pipeline Partners, LP (NYSE:BWP) by 10.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,515 shares of the pipeline company’s stock after acquiring an additional 9,647 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Boardwalk Pipeline Partners were worth $1,020,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BWP. BNP Paribas Arbitrage SA raised its holdings in shares of Boardwalk Pipeline Partners by 1,085,000.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the pipeline company’s stock valued at $110,000 after acquiring an additional 10,850 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Boardwalk Pipeline Partners during the 4th quarter valued at about $114,000. Usca Ria LLC purchased a new position in shares of Boardwalk Pipeline Partners during the 1st quarter valued at about $122,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Boardwalk Pipeline Partners during the 4th quarter valued at about $129,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Boardwalk Pipeline Partners during the 4th quarter valued at about $165,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on BWP shares. Bank of America decreased their price objective on Boardwalk Pipeline Partners from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. UBS Group restated a “buy” rating and set a $17.00 price target (down from $18.00) on shares of Boardwalk Pipeline Partners in a research report on Friday, March 2nd. Barclays set a $14.00 price target on Boardwalk Pipeline Partners and gave the stock a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded Boardwalk Pipeline Partners from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, US Capital Advisors lowered Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.88.
Boardwalk Pipeline Partners (NYSE:BWP) last issued its quarterly earnings data on Monday, April 30th. The pipeline company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $345.22 million. Boardwalk Pipeline Partners had a return on equity of 6.85% and a net margin of 21.29%. Boardwalk Pipeline Partners’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. research analysts forecast that Boardwalk Pipeline Partners, LP will post 1.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Thursday, May 10th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 3.79%. Boardwalk Pipeline Partners’s dividend payout ratio is presently 29.63%.
About Boardwalk Pipeline Partners
Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.
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