Economy

Brokers Change Their Target Price On Boardwalk Pipeline Partners LP (NYSE:BWP)

The stock declined 0.04% or $0.04 reaching $112.38 on the news.

About 221,349 shares traded. NXP Semiconductors NV (NASDAQ:NXPI) has risen 24.67% since September 26, 2016 and is uptrending. Boardwalk Pipeline Partners L.P. Richmond Hill Investment Company sold 56,627 shares as the company's stock rose 2.14% with the market. The hedge fund run by James Dondero held 939,296 shares of the natural gas distribution company at the end of 2017Q2, valued at $16.92M, down from 970,658 at the end of the previous reported quarter.

The P/E ratio is now 13.43 and the market value is 3.67B. The stock rose 0.81% or $0.12 reaching $14.9. About shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since September 25, 2016 and is uptrending.

Gluskin Sheff & Assoc Inc, which manages about $7.77B and $1.09B US Long portfolio, decreased its stake in Extended Stay America Inc. Loews invested in 125.59 million shares. It also reduced its holding in Diamondback Energy Inc (NASDAQ:FANG) by 216,714 shares in the quarter, leaving it with 4,090 shares, and cut its stake in Neustar Inc (NYSE:NSR). BidaskClub downgraded shares of Boardwalk Pipeline Partners L.P. from a "hold" rating to a "sell" rating in a research report on Thursday, June 22nd. Therefore 40% are positive. Sun Life Financial Inc. had 22 analyst reports since August 6, 2015 according to SRatingsIntel. At recent closing price of $14.78, BWP has a chance to add $5.44 or 36.81% in 52 weeks, based on mean target price ($20.22) placed by analysts.The analyst consensus opinion of 2.4 looks like a hold. The firm has "Hold" rating by Oppenheimer given on Thursday, August 3. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. The stock has "Buy" rating by Jefferies on Friday, April 29. BKS's SI was 5.47M shares in September as released by FINRA. The total value of its holdings decreased 0.0%. Next quarter's EPS is expected be $0.40 and the next full year EPS is projected to be $1.54.

Boardwalk Pipeline Partners LP shares had a trading volume of 2,163 in the last trading session. 22 funds opened positions while 44 raised stakes. The investment managers in our partner's database now have: 225.25 million shares, down from 228.34 million shares in 2017Q1. Barnett Communication invested in 60,944 shares or 0.52% of the stock. 12,750 were accumulated by Registered Advisor.

Boardwalk Pipeline Partners, LP (NYSE:BWP)'s RSI (Relative Strength Index) is 41.91. Oxbow Limited Liability Company invested 0.1% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Sei Investments has 26,480 shares for 0% of their portfolio.

State of Tennessee Treasury Department lifted its stake in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 33.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. Captrust Fin Advsr owns 1 shares or 0% of their United States portfolio. Ftb Advsr invested in 0% or 387 shares. Levin Capital Strategies Lp holds 0.03% in Boardwalk Pipeline Partners, LP (NYSE:BWP) or 107,475 shares. Lee Danner Bass owns 470,567 shares for 0.95% of their portfolio. Jennison Associates LLC boosted its position in Boardwalk Pipeline Partners L.P.by 3.3% during the first quarter. Tph Asset Management Llc, a Texas-based fund reported 2.04 million shares.#img1#.

Richmond Hill Investments Llc holds 19.83% of its portfolio in Boardwalk Pipeline Partners, LP for 1.72 million shares. Therefore 33% are positive.

09/01/2015 - Boardwalk Pipeline Partners L.P. had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. The rating was maintained by Credit Suisse on Tuesday, February 9 with "Outperform". One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has "Neutral" rating by Janney Capital on Thursday, September 29.

07/21/2016 - Boardwalk Pipeline Partners L.P. was downgraded to "neutral" by analysts at Ladenburg Thalmann. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, August 1.

04/29/2014 - Boardwalk Pipeline Partners L.P. had its "equal weight" rating reiterated by analysts at Morgan Stanley. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. The stock has "Sector Perform" rating by RBC Capital Markets on Tuesday, August 1. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, February 7 with "Outperform". RBC Capital Markets has "Outperform" rating and $21 target.

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