Copano Energy (NASDAQ: CPNO) and Boardwalk Pipeline Partners (NYSE:BWP) are both energy companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, analyst recommendations, dividends and valuation.

Insider and Institutional Ownership

97.2% of Boardwalk Pipeline Partners shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares Copano Energy and Boardwalk Pipeline Partners’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Copano Energy N/A N/A N/A
Boardwalk Pipeline Partners 22.50% 7.55% 4.00%

Dividends

Boardwalk Pipeline Partners pays an annual dividend of $0.40 per share and has a dividend yield of 2.9%. Copano Energy does not pay a dividend. Boardwalk Pipeline Partners pays out 33.9% of its earnings in the form of a dividend.

Valuation and Earnings

This table compares Copano Energy and Boardwalk Pipeline Partners’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Copano Energy N/A N/A N/A ($2.39) N/A
Boardwalk Pipeline Partners $1.31 billion 2.66 $302.20 million $1.18 11.76

Boardwalk Pipeline Partners has higher revenue and earnings than Copano Energy. Copano Energy is trading at a lower price-to-earnings ratio than Boardwalk Pipeline Partners, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Copano Energy and Boardwalk Pipeline Partners, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Copano Energy 0 0 0 0 N/A
Boardwalk Pipeline Partners 1 1 2 0 2.25

Boardwalk Pipeline Partners has a consensus price target of $21.25, suggesting a potential upside of 53.10%.

Summary

Boardwalk Pipeline Partners beats Copano Energy on 8 of the 9 factors compared between the two stocks.

Copano Energy Company Profile

Copano Energy, L.L.C. (Copano) is an energy company engaged in the business of providing midstream services to natural gas producers, including gathering, transportation and processing of natural gas, fractionation and transportation of natural gas liquids (NGLs) and other related services. Copano’s assets are located in Texas, Oklahoma, Wyoming and Louisiana, and include approximately 6,800 miles of active natural gas gathering and transmission pipelines, and 10 natural gas processing plants, with over one billion cubic feet per day (Bcf/d) of combined processing capacity. In addition to the natural gas pipelines, it operates 380 miles of NGL pipelines. Copano operates in three segments: Texas, Oklahoma and Rocky Mountains. In May 2013, Kinder Morgan Energy Partners LP acquired the entire share capital of Copano Energy LLC.

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. The Company conducts business through its subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines), 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.

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