Boardwalk Pipeline Partners, LP (NYSE:BWP) – Investment analysts at US Capital Advisors dropped their FY2018 earnings per share estimates for shares of Boardwalk Pipeline Partners in a research note issued to investors on Thursday. US Capital Advisors analyst C. Crosby now forecasts that the pipeline company will post earnings of $1.31 per share for the year, down from their previous forecast of $1.33. US Capital Advisors also issued estimates for Boardwalk Pipeline Partners’ Q4 2018 earnings at $0.40 EPS and FY2019 earnings at $1.13 EPS.

Boardwalk Pipeline Partners (NYSE:BWP) last announced its earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners had a return on equity of 7.55% and a net margin of 22.50%. The company had revenue of $300.50 million for the quarter, compared to analyst estimates of $324.85 million. During the same period in the prior year, the company posted $0.19 EPS. Boardwalk Pipeline Partners’s quarterly revenue was down .9% on a year-over-year basis.

BWP has been the topic of a number of other reports. Credit Suisse Group began coverage on Boardwalk Pipeline Partners in a research report on Thursday. They issued a “neutral” rating and a $15.00 target price on the stock. Goldman Sachs Group began coverage on Boardwalk Pipeline Partners in a research report on Friday, November 17th. They issued a “sell” rating and a $14.00 target price on the stock. ValuEngine lowered Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Boardwalk Pipeline Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $18.00 target price (down from $22.00) on shares of Boardwalk Pipeline Partners in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.71.

Boardwalk Pipeline Partners (NYSE BWP) opened at $13.02 on Friday. Boardwalk Pipeline Partners has a 52-week low of $12.79 and a 52-week high of $18.95. The stock has a market capitalization of $3,313.92, a P/E ratio of 9.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.56 and a quick ratio of 0.56.

Several hedge funds have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC raised its position in shares of Boardwalk Pipeline Partners by 0.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,241 shares of the pipeline company’s stock valued at $202,000 after acquiring an additional 31 shares in the last quarter. CNH Partners LLC raised its position in shares of Boardwalk Pipeline Partners by 0.3% during the 2nd quarter. CNH Partners LLC now owns 37,302 shares of the pipeline company’s stock valued at $672,000 after acquiring an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Boardwalk Pipeline Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock valued at $133,000 after acquiring an additional 494 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Boardwalk Pipeline Partners by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 113,041 shares of the pipeline company’s stock valued at $2,036,000 after acquiring an additional 562 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Boardwalk Pipeline Partners by 0.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 110,753 shares of the pipeline company’s stock valued at $1,995,000 after acquiring an additional 641 shares in the last quarter. 97.18% of the stock is currently owned by institutional investors and hedge funds.

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Boardwalk Pipeline Partners 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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