Boardwalk Pipeline Partners (NYSE:BWP) announced its quarterly earnings data on Monday. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07), RTT News reports. Boardwalk Pipeline Partners had a return on equity of 7.55% and a net margin of 22.50%. The firm had revenue of $337.50 million during the quarter, compared to analysts’ expectations of $352.58 million. During the same period last year, the business posted $0.36 EPS. The company’s revenue was down 4.3% compared to the same quarter last year.

Boardwalk Pipeline Partners (NYSE BWP) opened at $11.55 on Monday. Boardwalk Pipeline Partners has a 12 month low of $11.28 and a 12 month high of $18.79. 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 company has a market capitalization of $2,883.41, a PE ratio of 9.76 and a beta of 0.60.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 22nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.46%. Boardwalk Pipeline Partners’s dividend payout ratio is currently 33.90%.

Several equities research analysts recently weighed in on BWP shares. Citigroup decreased their price objective on Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Credit Suisse Group started coverage on Boardwalk Pipeline Partners in a report on Thursday, January 4th. They issued a “neutral” rating and a $15.00 price objective for the company. Barclays raised Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price objective for the company in a report on Wednesday, January 17th. Goldman Sachs Group started coverage on Boardwalk Pipeline Partners in a report on Friday, November 17th. They issued a “sell” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research lowered Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Boardwalk Pipeline Partners has an average rating of “Hold” and an average price target of $19.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in Boardwalk Pipeline Partners by 2.3% in the 4th quarter. Alps Advisors Inc. now owns 10,330,204 shares of the pipeline company’s stock worth $133,363,000 after purchasing an additional 234,271 shares during the period. Maple Brown Abbott Ltd boosted its stake in Boardwalk Pipeline Partners by 39.1% in the 4th quarter. Maple Brown Abbott Ltd now owns 7,224,294 shares of the pipeline company’s stock worth $93,266,000 after purchasing an additional 2,031,267 shares during the period. Magnolia Group LLC bought a new position in Boardwalk Pipeline Partners in the 4th quarter worth about $51,132,000. Bank of Montreal Can boosted its stake in Boardwalk Pipeline Partners by 13.2% in the 4th quarter. Bank of Montreal Can now owns 2,346,950 shares of the pipeline company’s stock worth $30,299,000 after purchasing an additional 274,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Boardwalk Pipeline Partners by 37.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,289,095 shares of the pipeline company’s stock worth $33,421,000 after purchasing an additional 620,514 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.

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About Boardwalk Pipeline Partners

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.

Earnings History for Boardwalk Pipeline Partners (NYSE:BWP)

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