Castleton Investment Management LLC raised its position in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 9.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 201,000 shares of the pipeline company’s stock after buying an additional 17,000 shares during the quarter. Boardwalk Pipeline Partners comprises about 1.1% of Castleton Investment Management LLC’s holdings, making the stock its 27th largest position. Castleton Investment Management LLC owned approximately 0.08% of Boardwalk Pipeline Partners worth $2,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake 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 worth $133,000 after purchasing an additional 494 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake 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 worth $202,000 after purchasing an additional 31 shares during the period. Rafferty Asset Management LLC acquired a new position in shares of Boardwalk Pipeline Partners during the 2nd quarter worth $211,000. Cetera Investment Advisers acquired a new position in shares of Boardwalk Pipeline Partners during the 2nd quarter worth $248,000. Finally, HAP Trading LLC acquired a new position in shares of Boardwalk Pipeline Partners during the 2nd quarter worth $280,000. 97.18% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on BWP shares. Citigroup lowered their price target on shares of Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. UBS reaffirmed a “buy” rating and set a $18.00 price target (down from $22.00) on shares of Boardwalk Pipeline Partners in a research note on Wednesday, October 4th. Goldman Sachs Group started coverage on shares of Boardwalk Pipeline Partners in a research note on Friday, November 17th. They set a “sell” rating and a $14.00 price target on the stock. Zacks Investment Research cut shares of Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, ValuEngine cut shares of Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.50.

Shares of Boardwalk Pipeline Partners L.P. (BWP) opened at $13.24 on Wednesday. The company has a market cap of $3,318.93, a PE ratio of 9.68 and a beta of 0.72. Boardwalk Pipeline Partners L.P. has a 12 month low of $12.82 and a 12 month high of $18.95. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.77.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.02%. Boardwalk Pipeline Partners’s payout ratio is 33.90%.

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Boardwalk Pipeline Partners 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 (NYSE:BWP)

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