Citigroup Inc. Cuts Boardwalk Pipeline Partners L.P. (NYSE:BWP) Price Target to $18.00

Boardwalk Pipeline Partners L.P. (NYSE:BWP) had its price target reduced by Citigroup Inc. from $22.00 to $18.00 in a report issued on Thursday, November 2nd. Citigroup Inc. currently has a buy rating on the pipeline company’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $18.00 target price on shares of Boardwalk Pipeline Partners L.P. in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a buy rating to a hold rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Boardwalk Pipeline Partners L.P. from a sell rating to a strong sell rating in a research note on Wednesday, August 9th. ValuEngine cut 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 AG reissued a buy rating and set a $18.00 price objective (down from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $21.80.

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded up $0.07 during trading on Thursday, hitting $14.37. The company had a trading volume of 2,198,900 shares, compared to its average volume of 814,873. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.56 and a quick ratio of 0.56. Boardwalk Pipeline Partners L.P. has a 1 year low of $13.40 and a 1 year high of $18.95. The firm has a market cap of $3,579.23, a P/E ratio of 10.44 and a beta of 0.74.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last issued its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners L.P. had a return on equity of 7.55% and a net margin of 22.50%. The firm had revenue of $300.50 million during the quarter, compared to the consensus estimate of $324.85 million. During the same period in the previous year, the firm posted $0.19 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. equities research analysts expect that Boardwalk Pipeline Partners L.P. will post 1.39 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Citigroup Inc. Cuts Boardwalk Pipeline Partners L.P. (NYSE:BWP) Price Target to $18.00” was first reported by BBNS and is owned by of BBNS. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/citigroup-inc-trims-boardwalk-pipeline-partners-l-p-bwp-target-price-to-18-00/1752059.html.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.78%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio (DPR) is 33.90%.

A number of institutional investors have recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC lifted its holdings in Boardwalk Pipeline Partners L.P. by 0.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,241 shares of the pipeline company’s stock worth $202,000 after buying an additional 31 shares in the last quarter. CNH Partners LLC raised its stake in shares of Boardwalk Pipeline Partners L.P. by 0.3% in the 2nd quarter. CNH Partners LLC now owns 37,302 shares of the pipeline company’s stock valued at $672,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Boardwalk Pipeline Partners L.P. by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock valued at $133,000 after purchasing an additional 494 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of Boardwalk Pipeline Partners L.P. by 3.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 15,989 shares of the pipeline company’s stock valued at $262,000 after buying an additional 500 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Boardwalk Pipeline Partners L.P. by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 113,041 shares of the pipeline company’s stock valued at $2,036,000 after buying an additional 562 shares during the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Boardwalk Pipeline Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners L.P. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.