Today: Swift Run Capital Management LLC decides to keep it stake in Boardwalk Pipeline Partners, LP (BWP) to the level of $805,000

Today: Swift Run Capital Management LLC decides to keep it stake in Boardwalk Pipeline Partners, LP (BWP) to the level of $805,000

Swift Run Capital Management LLC continued to hold its position in Boardwalk Pipeline Partners, LP (NYSE:BWP) during the third quarter, Holdings Channel reports. The firm owned 46,900 shares of the company’s stock at the end of the third quarter. Swift Run Capital Management LLC’s holdings in Boardwalk Pipeline Partners, were worth $805,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BWP. Pacad Investment Ltd. acquired a new stake in shares of Boardwalk Pipeline Partners, during the second quarter valued at $103,000. Advisory Services Network LLC increased its stake in shares of Boardwalk Pipeline Partners, by 215.0% in the third quarter. Advisory Services Network LLC now owns 6,458 shares of the company’s stock valued at $111,000 after buying an additional 4,408 shares in the last quarter. BB&T Corp acquired a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at $172,000. Ingalls & Snyder LLC acquired a new stake in shares of Boardwalk Pipeline Partners, during the third quarter valued at $190,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of Boardwalk Pipeline Partners, during the second quarter valued at $203,000.

Boardwalk Pipeline Partners, LP (NYSE:BWP) opened at 16.99 on Monday. The company’s 50-day moving average price is $16.85 and its 200 day moving average price is $16.96. Boardwalk Pipeline Partners, LP has a 12 month low of $8.86 and a 12 month high of $18.16. The stock has a market capitalization of $4.25 billion, a PE ratio of 15.52 and a beta of 0.80.

Boardwalk Pipeline Partners, (NYSE:BWP) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business earned $303.30 million during the quarter, compared to the consensus estimate of $299.47 million. During the same quarter last year, the business posted $0.15 EPS. Boardwalk Pipeline Partners,’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts forecast that Boardwalk Pipeline Partners, LP will post $1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Boardwalk Pipeline Partners, from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Wednesday, August 3rd. Barclays PLC raised their price target on Boardwalk Pipeline Partners, from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG reissued a “neutral” rating on shares of Boardwalk Pipeline Partners, in a report on Tuesday, August 16th. Finally, Janney Montgomery Scott assumed coverage on Boardwalk Pipeline Partners, in a report on Thursday, September 29th. They issued a “neutral” rating and a $18.00 price target for the company. One 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. The stock has a consensus rating of “Hold” and an average price target of $18.57.

About Boardwalk Pipeline Partners,

Boardwalk Pipeline Partners, LP is a limited partnership company. 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.

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