Matthew 25 Management Corp boosted its holdings in shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,680,000 shares of the pipeline company’s stock after buying an additional 180,000 shares during the period. Boardwalk Pipeline Partners L.P. makes up about 6.9% of Matthew 25 Management Corp’s portfolio, making the stock its 7th largest position. Matthew 25 Management Corp owned approximately 0.67% of Boardwalk Pipeline Partners L.P. worth $24,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BWP. Alliancebernstein L.P. raised its holdings in Boardwalk Pipeline Partners L.P. by 40.6% during the first quarter. Alliancebernstein L.P. now owns 29,781 shares of the pipeline company’s stock worth $545,000 after buying an additional 8,599 shares during the last quarter. Creative Planning raised its holdings in 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 worth $235,000 after buying an additional 800 shares during the last quarter. US Bancorp DE grew its stake in shares of Boardwalk Pipeline Partners L.P. by 3.3% in the 2nd quarter. US Bancorp DE now owns 19,895 shares of the pipeline company’s stock worth $359,000 after acquiring an additional 644 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Boardwalk Pipeline Partners L.P. by 17.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 642,046 shares of the pipeline company’s stock worth $11,567,000 after acquiring an additional 93,307 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Boardwalk Pipeline Partners L.P. in the 2nd quarter worth $1,068,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Boardwalk Pipeline Partners L.P. (NYSE BWP) traded down $0.07 on Thursday, reaching $14.07. 827,500 shares of the company traded hands, compared to its average volume of 823,098. The company has a market capitalization of $3,520.00, a price-to-earnings ratio of 10.32 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 0.56. Boardwalk Pipeline Partners L.P. has a one year low of $13.40 and a one year high of $18.95.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last posted its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners L.P. had a net margin of 22.50% and a return on equity of 7.55%. The company had revenue of $300.50 million during the quarter, compared to analyst estimates of $324.85 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. equities analysts predict that Boardwalk Pipeline Partners L.P. will post 1.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, November 8th. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is currently 33.90%.

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Several analysts have recently issued reports on the stock. Royal Bank Of Canada lowered shares of Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $22.00 to $18.00 in a research note on Tuesday, August 1st. BidaskClub lowered shares of Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine lowered shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, UBS Group AG reiterated a “buy” rating and issued a $18.00 target price (down previously from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Boardwalk Pipeline Partners L.P. currently has an average rating of “Hold” and a consensus target price of $20.50.

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.

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Institutional Ownership by Quarter for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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