Published: Thu, June 01, 2017
Money | By Armando Alvarado

Boardwalk Pipeline Partners, LP (BWP) Declares Quarterly Dividend of $0.10


The stock rose 0.39% or $0.07 reaching $18.13. 50,434 shares of the company traded hands. It has underperformed by 2.55% the S&P500.

Boardwalk Pipeline Partners (NYSE:BWP) had a decrease of 0.38% in short interest. With 574,300 avg volume, 17 days are for Boardwalk Pipeline Partners (NYSE:BWP)'s short sellers to cover BWP's short positions. Boardwalk Pipeline Partners, has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. The stock rose 0.72% or $0.13 reaching $18.2.

About 164,870 shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since June 1, 2016 and is uptrending. It has underperformed by 5.02% the S&P500.

Investors sentiment increased to 1.53 in 2016 Q4. Its down 0.15, from 0.85 in 2016Q3. It is positive, as 14 investors sold BWP shares while 35 reduced holdings. After $0.14 actual earnings per share reported by Barrick Gold Corp (USA) for the previous quarter, Wall Street now forecasts 71.43% EPS growth. Chevy Chase reported 215,644 shares. The Texas-based Tph Asset Management Llc has invested 2.97% in the stock. Investors of record on Thursday, May 11th were given a dividend of $0.10 per share. Moreover, Sigma Planning has 0.03% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 17,188 shares. Credit Suisse Ag has 1.51M shares. California Employees Retirement System holds 0.01% or 233,700 shares in its portfolio. Pinnacle Holdings Ltd has invested 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP).

Boardwalk Pipeline Partners, LP is a limited partnership company. Travelers Companies Inc., a Minnesota-based fund reported 479,300 shares. Citigroup reported 4.89 million shares. Synovus Financial reported 534 shares. Morgan Stanley stated it has 0.05% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP).

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Among 6 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 38% are positive. The rating was maintained by on Monday, October 10 with "Hold". Royal Bank of Canada reissued a "buy" rating and issued a $21.00 price target on shares of Boardwalk Pipeline Partners, in a report on Tuesday, March 14th. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned "Buy" rating by Bank of America on Tuesday, September 1. The firm has "Outperform" rating by IBC given on Monday, June 27. TheStreet raised Boardwalk Pipeline Partners, from a "c+" rating to a "b-" rating in a research note on Thursday, March 9th. Virtus ETF Advisers LLC acquired a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at $324,000. It also upped Alleghen (NYSE:ATI) stake by 261,481 shares and now owns 395,458 shares. Rice Midstream Partners Lp was raised too. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since May 31, 2016 and is uptrending. During the same quarter a year ago, the firm posted $0.40 earnings per share. BWP's profit will be $69.18 million for 16.08 P/E if the $0.28 EPS becomes a reality. The pipeline company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06.

Investors sentiment decreased to 0.98 in Q4 2016. Its up 0.45, from 1.08 in 2016Q3. They expect $0.28 EPS, up 7.69% or $0.02 from last year's $0.26 per share. 37 funds opened positions while 96 raised stakes. 226.65 million shares or 1.48% more from 223.34 million shares in 2016Q3 were reported. Muhlenkamp Com holds 54,200 shares or 0.3% of its portfolio. Natixis accumulated 16,959 shares. Catawba Mngmt Va owns 0.82% invested in Dollar General Corp. Blackrock reported 136,177 shares stake. (NYSE:DG). Architects Inc has 466 shares. Peak6 Invests Lp accumulated 494 shares. Lp owns 865,659 shares or 18.42% of their U.S. portfolio. National Bank Of The Ozarks owns 3,895 shares. Swift Run Cap Mgmt accumulated 46,900 shares. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Umpqua Holdings Corp had 13 analyst reports since July 21, 2015 according to SRatingsIntel. Telsey Advisory Group maintained it with "Market Perform" rating and $78 target in Friday, December 2 report. The rating was downgraded by Piper Jaffray on Thursday, April 21 to "Underweight". (NYSE:DG) has "Market Perform" rating given on Friday, August 26 by Telsey Advisory Group. The stock now has an average rating of "Hold" and an average price target of $21.33. The company was maintained on Friday, February 5 by BMO Capital Markets. The company was upgraded on Tuesday, August 25 by Raymond James.

Among 27 analysts covering Dollar General Corp. The rating was downgraded by Zacks on Tuesday, August 18 to "Buy".

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