Time to Reconsider Boardwalk Pipeline Partners (NYSE:BWP) After Less Short Sellers?

September 17, 2017 - By Marguerite Chambers

 Time to Reconsider Boardwalk Pipeline Partners (NYSE:BWP) After Less Short Sellers?

Investors sentiment increased to 1.53 in 2016 Q4. Its up 0.45, from 1.08 in 2016Q3. It improved, as 14 investors sold Boardwalk Pipeline Partners, LP shares while 35 reduced holdings. 28 funds opened positions while 47 raised stakes. 229.78 million shares or 0.73% more from 228.11 million shares in 2016Q3 were reported.
Jpmorgan Chase & Communications owns 2.09 million shares or 0.01% of their US portfolio. Morgan Stanley reported 8.48 million shares stake. Cohen Steers owns 23,137 shares or 0% of their US portfolio. Susquehanna Int Grp Inc Ltd Liability Partnership invested 0% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). Nuveen Asset Mngmt Limited Liability, Illinois-based fund reported 48,198 shares. Raymond James Svcs Advsr stated it has 0.02% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Berkley W R Corp reported 11,740 shares stake. The Texas-based Highland Capital Management Lp has invested 0.76% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Moreover, National Registered Invest Advisor has 0.1% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP). Alliancebernstein Lp owns 0% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 21,182 shares. Peak6 Invests Ltd Partnership holds 0% or 494 shares. Center Coast Capital Advsrs Limited Partnership stated it has 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Moreover, Richmond Hill Investment L P has 18.42% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 865,659 shares. Lpl Limited Liability Company has 20,381 shares. 100 are held by Reilly Fincl Advsr Lc.

The stock of Boardwalk Pipeline Partners (NYSE:BWP) registered a decrease of 1.45% in short interest. BWP’s total short interest was 9.43 million shares in September as published by FINRA. Its down 1.45% from 9.57 million shares, reported previously. With 948,100 shares average volume, it will take short sellers 10 days to cover their BWP’s short positions. The short interest to Boardwalk Pipeline Partners’s float is 7.57%.

The stock decreased 0.13% or $0.02 on September 15, reaching $14.83. About 2.76 million shares traded or 178.07% up from the average. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since September 17, 2016 and is uptrending. It has underperformed by 5.02% the S&P500.

Boardwalk Pipeline Partners, LP is a limited partnership company. The company has market cap of $3.71 billion. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons pipeline and storage systems. It has a 13.6 P/E ratio. 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 Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Boardwalk Pipeline Partners, LP (NYSE:BWP) Ratings Coverage

Among 6 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Boardwalk Pipeline Partners had 12 analyst reports since August 13, 2015 according to SRatingsIntel. The company was maintained on Friday, May 27 by JP Morgan. As per Tuesday, August 2, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained it with “Outperform” rating and $21 target in Tuesday, February 7 report. The rating was initiated by Janney Capital on Thursday, September 29 with “Neutral”. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, August 1. The company was maintained on Tuesday, September 1 by Bank of America. Ladenburg Thalmann downgraded Boardwalk Pipeline Partners, LP (NYSE:BWP) on Thursday, July 21 to “Neutral” rating. RBC Capital Markets maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Monday, June 5 with “Buy” rating. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) has “Outperform” rating given on Tuesday, February 9 by Credit Suisse.

Another recent and important Boardwalk Pipeline Partners, LP (NYSE:BWP) news was published by Prnewswire.com which published an article titled: “How These Oil & Gas Stocks are Performing? — Boardwalk Pipeline Partners …” on August 21, 2017.

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