Economy

Boardwalk Pipeline Partners LP (BWP) Shares Sold by Royal Bank of Canada

The company has market cap of $3.48 billion. The Company's divisions include television, radio, digital, and syndication and other. It has a 13.1 P/E ratio. Barclays Capital maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Tuesday, August 2 with "Underweight" rating. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter.

Equity Research firms now have a positive stance on shares of Boardwalk Pipeline Partners, LP (NYSE:BWP). Boardwalk Pipeline Partners, has a 1-year low of $8.86 and a 1-year high of $18.16. We have $15.37 PT which if reached, will make NYSE:BWP worth $284.80 million more. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 58% are positive. If the published price targets set by Boardwalk Pipeline Partners, LP analysts have any power to influence the stock's share price, the highest price target set for BWP is $22. The firm earned "Equal-Weight" rating on Thursday, October 19 by Morgan Stanley. The rating was maintained by RBC Capital Markets with "Outperform" on Thursday, October 29. Of the analysts who provided ratings, 4 rated the company a Hold, 1 rated it a Moderate Buy, and 3 rated it a Strong Buy. RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, February 7 report. Gabelli maintained Abbott Laboratories (NYSE:ABT) on Friday, July 21 with "Buy" rating.

The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) hit a new 52-week low and has $12.93 target or 7.00 % below today's $13.90 share price. The stock has "Outperform" rating by Wells Fargo on Tuesday, November 15. As per Monday, July 18, the company rating was downgraded by BMO Capital Markets. As per Thursday, September 29, the company rating was initiated by Janney Capital. The company was downgraded on Tuesday, August 1 by RBC Capital Markets.

Investors sentiment decreased to 0.88 in Q2 2017. Its up 0.08, from 0.99 in 2017Q1. Zacks Investment Research raised shares of Boardwalk Pipeline Partners, from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a report on Monday, July 3rd. 111 funds opened positions while 603 raised stakes.

First Citizens Bank & Trust Co increased Ishares Tr (IEUR) stake by 24,835 shares to 133,395 valued at $6.25 million in 2017Q2. Moreover, Bb&T Llc has 0.01% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 22,100 shares. California Pub Employees Retirement holds 0.01% or 240,100 shares in its portfolio. 1,291 are held by Valley Advisers. 552 Abbott Laboratories (NYSE:ABT) shares with value of $26,482 were sold by Watkin Jared. Spirit Of America Management accumulated 1.51% or 779,800 shares.

Now insiders hold 95,039 shares in the business which makes up 0.04% of shares. Quantbot Technologies LP boosted its position in Boardwalk Pipeline Partners, by 180.7% in the second quarter. The percentage of shares being held by the company management was 1.3% while institutional stake was 51.7%. Cushing Asset Management Lp owns 408,400 shares or 0.25% of their United States portfolio. Lpl Financial Lc stated it has 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). The legal version of this piece can be accessed at https://weekherald.com/2017/10/30/boardwalk-pipeline-partners-lp-bwp-posts-earnings-results-meets-estimates.html. The Company conducts business through its primary subsidiary, Boardwalk Pipelines, LP, 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. The Firm 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 OH, and its NGLs pipelines and storage facilities in Louisiana and Texas. It has a 13.05 P/E ratio. 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 OH, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Analysts await E. W. Scripps Co (NYSE:SSP) to report earnings on November, 3. They expect this year's earnings to rise 16.95% year-over-year to $1.38, followed by -1.45% decline in the next year to $1.36. After $0.28 actual EPS reported by Boardwalk Pipeline Partners, LP for the previous quarter, Wall Street now forecasts -10.71% negative EPS growth.

Minerva Advisors Llc holds 6.01% of its portfolio in E. W. Scripps Co for 608,907 shares. 1,800 are owned by Mcf Advisors Llc. Bowling Port Limited Liability Company invested 0.62% in Citigroup Inc (NYSE:C).



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