Brokerages Set Boardwalk Pipeline Partners, LP (BWP) Target Price at $15.56

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Boardwalk Pipeline Partners, LP (NYSE:BWP) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.56.

Several brokerages have recently commented on BWP. Morgan Stanley lowered their target price on shares of Boardwalk Pipeline Partners from $14.00 to $12.06 and set an “equal weight” rating on the stock in a report on Monday, July 2nd. JPMorgan Chase & Co. cut shares of Boardwalk Pipeline Partners from an “overweight” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Tuesday, June 26th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its position in Boardwalk Pipeline Partners by 11.5% in the second quarter. Northern Trust Corp now owns 96,617 shares of the pipeline company’s stock valued at $1,123,000 after buying an additional 10,002 shares in the last quarter. California Public Employees Retirement System boosted its position in Boardwalk Pipeline Partners by 12.2% in the second quarter. California Public Employees Retirement System now owns 331,083 shares of the pipeline company’s stock valued at $3,847,000 after buying an additional 36,032 shares in the last quarter. Putnam Investments LLC boosted its position in Boardwalk Pipeline Partners by 37.2% in the second quarter. Putnam Investments LLC now owns 1,556,460 shares of the pipeline company’s stock valued at $18,086,000 after buying an additional 422,021 shares in the last quarter. Caption Management LLC acquired a new stake in Boardwalk Pipeline Partners in the second quarter valued at approximately $308,000. Finally, Natixis boosted its position in Boardwalk Pipeline Partners by 43.3% in the second quarter. Natixis now owns 96,766 shares of the pipeline company’s stock valued at $1,124,000 after buying an additional 29,240 shares in the last quarter. Institutional investors and hedge funds own 92.60% of the company’s stock.

Shares of BWP opened at $12.05 on Friday. Boardwalk Pipeline Partners has a 12 month low of $9.10 and a 12 month high of $17.65. The company has a market cap of $3.02 billion, a PE ratio of 8.93 and a beta of 0.63. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77.

Boardwalk Pipeline Partners Company Profile

Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.

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Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

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