Acrospire Investment Management LLC cut its position in Boardwalk Pipeline Partners, LP (NYSE:BWP) by 68.8% during the second quarter, Holdings Channel reports. The fund owned 6,576 shares of the company’s stock after selling 14,500 shares during the period. Acrospire Investment Management LLC’s holdings in Boardwalk Pipeline Partners, were worth $115,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Boston Partners acquired a new position in shares of Boardwalk Pipeline Partners, during the second quarter worth about $53,965,000. ING Groep NV boosted its position in shares of Boardwalk Pipeline Partners, by 71.0% in the first quarter. ING Groep NV now owns 7,086,950 shares of the company’s stock worth $104,674,000 after buying an additional 2,942,340 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Boardwalk Pipeline Partners, during the second quarter worth about $34,730,000. Harvest Fund Advisors LLC boosted its position in shares of Boardwalk Pipeline Partners, by 20.2% in the first quarter. Harvest Fund Advisors LLC now owns 5,889,326 shares of the company’s stock worth $86,809,000 after buying an additional 989,585 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its position in shares of Boardwalk Pipeline Partners, by 572.5% in the second quarter. Spirit of America Management Corp NY now owns 519,200 shares of the company’s stock worth $9,060,000 after buying an additional 442,000 shares in the last quarter.

Shares of Boardwalk Pipeline Partners, LP (NYSE:BWP) traded up 0.66% during mid-day trading on Monday, reaching $16.75. 217,603 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $16.71 and its 200-day moving average price is $16.17. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 15.82 and a beta of 0.80. Boardwalk Pipeline Partners, LP has a 12-month low of $8.86 and a 12-month high of $18.16.

Boardwalk Pipeline Partners, (NYSE:BWP) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The company earned $306.30 million during the quarter, compared to the consensus estimate of $299.35 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Boardwalk Pipeline Partners, LP will post $1.15 earnings per share for the current year.

A number of research analysts have recently issued reports on BWP shares. Zacks Investment Research upgraded shares of Boardwalk Pipeline Partners, from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, August 18th. Credit Suisse Group AG reiterated a “neutral” rating on shares of Boardwalk Pipeline Partners, in a report on Tuesday, August 16th. Ladenburg Thalmann cut shares of Boardwalk Pipeline Partners, from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Thursday, July 21st. Barclays PLC boosted their price target on shares of Boardwalk Pipeline Partners, from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Boardwalk Pipeline Partners, from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.29.

Boardwalk Pipeline Partners, Company Profile

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company conducts business through its primary subsidiary, Boardwalk Pipelines, LP, and its subsidiaries, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Gulf Crossing Pipeline Company LLC, Boardwalk Louisiana Midstream, LLC, Boardwalk Petrochemical Pipeline, LLC and Boardwalk Field Services, LLC.

5 Day Chart for NYSE:BWP

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