Boardwalk Pipeline Partners L.P. (NYSE:BWP) had its price target reduced by Citigroup Inc. from $22.00 to $18.00 in a research report sent to investors on Thursday. They currently have a buy rating on the pipeline company’s stock.

A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of Boardwalk Pipeline Partners L.P. from a hold rating to a buy rating in a research note on Thursday, July 6th. UBS AG reissued a buy rating and issued a $18.00 price objective (down from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a research note on Wednesday, October 4th. Royal Bank Of Canada reissued a hold rating and issued a $18.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research note on Tuesday, October 10th. ValuEngine cut shares of Boardwalk Pipeline Partners L.P. from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a buy rating to a hold rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Boardwalk Pipeline Partners L.P. has an average rating of Hold and an average price target of $21.80.

Boardwalk Pipeline Partners L.P. (NYSE BWP) traded up $0.19 during trading on Thursday, hitting $14.37. 639,504 shares of the stock were exchanged, compared to its average volume of 1,204,802. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.77. The stock has a market cap of $3,549.20, a P/E ratio of 10.35 and a beta of 0.74. Boardwalk Pipeline Partners L.P. has a twelve month low of $13.40 and a twelve month high of $18.95.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last announced its quarterly 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. The business 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 net margin of 22.50% and a return on equity of 7.55%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. equities research analysts forecast that Boardwalk Pipeline Partners L.P. will post 1.39 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Trims Boardwalk Pipeline Partners L.P. (BWP) Target Price to $18.00” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/citigroup-inc-trims-boardwalk-pipeline-partners-l-p-bwp-target-price-to-18-00/1683351.html.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 9th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.40 annualized dividend and a yield of 2.78%. Boardwalk Pipeline Partners L.P.’s payout ratio is 33.90%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Boardwalk Pipeline Partners L.P. by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock valued at $133,000 after buying an additional 494 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in 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 buying an additional 31 shares during the period. Rafferty Asset Management LLC purchased a new position in Boardwalk Pipeline Partners L.P. in the second quarter valued at approximately $211,000. Creative Planning raised its stake in shares of Boardwalk Pipeline Partners L.P. by 6.5% during 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 during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Boardwalk Pipeline Partners L.P. during the first quarter valued at approximately $243,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Boardwalk Pipeline Partners L.P. 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.

Receive News & Ratings for Boardwalk Pipeline Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.