Global X MANAGEMENT CO LLC Has $893,000 Position in Boardwalk Pipeline Partners L.P. (BWP)

Global X MANAGEMENT CO LLC cut its stake in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 92.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,728 shares of the pipeline company’s stock after selling 713,891 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Boardwalk Pipeline Partners L.P. were worth $893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC lifted its position in Boardwalk Pipeline Partners L.P. by 0.3% in the second 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 during the last quarter. CNH Partners LLC lifted its position in Boardwalk Pipeline Partners L.P. by 0.3% in the second quarter. CNH Partners LLC now owns 37,302 shares of the pipeline company’s stock worth $672,000 after buying an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Boardwalk Pipeline Partners L.P. by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock worth $133,000 after buying an additional 494 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Boardwalk Pipeline Partners L.P. by 3.2% in the second quarter. Proficio Capital Partners LLC now owns 15,989 shares of the pipeline company’s stock worth $262,000 after buying an additional 500 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Boardwalk Pipeline Partners L.P. by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 113,041 shares of the pipeline company’s stock worth $2,036,000 after buying an additional 562 shares during the last quarter. Institutional investors own 93.58% of the company’s stock.

A number of analysts recently issued reports on BWP shares. ValuEngine downgraded Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. UBS AG restated a “buy” rating and issued a $18.00 price target (down from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a research report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 price target on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, October 10th. Finally, Citigroup Inc. lowered their price target on Boardwalk Pipeline Partners L.P. from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Boardwalk Pipeline Partners L.P. presently has an average rating of “Hold” and an average price target of $21.80.

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Shares of Boardwalk Pipeline Partners L.P. (NYSE BWP) opened at $14.52 on Thursday. Boardwalk Pipeline Partners L.P. has a 52-week low of $13.40 and a 52-week high of $18.95. The firm has a market capitalization of $3,596.75, a price-to-earnings ratio of 10.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 0.56.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last released its earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share for the quarter, topping the 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 business had revenue of $300.50 million during the quarter, compared to the consensus estimate of $324.85 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. equities research analysts predict that Boardwalk Pipeline Partners L.P. will post 1.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.75%. Boardwalk Pipeline Partners L.P.’s dividend payout ratio (DPR) is 33.90%.

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.

Institutional Ownership by Quarter for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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