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

November 18, 2017 - By Marie Mckinney

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

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.01, from 1 in 2017Q1. It is negative, as 20 investors sold Boardwalk Pipeline Partners, LP shares while 47 reduced holdings. 22 funds opened positions while 44 raised stakes. 225.25 million shares or 1.35% less from 228.34 million shares in 2017Q1 were reported.
Matthew 25 Mgmt Corp owns 1.50M shares. Ameriprise Finance Incorporated reported 149,111 shares stake. Virtu Fincl Limited Com reported 66,250 shares. State Street Corp invested 0% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). Whittier Tru holds 0% or 2,200 shares. Ngam Advsr L P has 18,091 shares for 0% of their portfolio. Northern Trust Corp accumulated 91,023 shares. Neuberger Berman Gru Lc invested 0% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). 72,000 were accumulated by Grp Hldgs Ag. Fincl Architects holds 1,000 shares. The California-based Wells Fargo & Mn has invested 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Moody Comml Bank Division, a Texas-based fund reported 11,050 shares. Morgan Stanley owns 9.76 million shares. Bb&T accumulated 10,000 shares or 0% of the stock. Cetera Advsrs Limited Liability Company invested in 0.02% or 13,767 shares.

The stock of Boardwalk Pipeline Partners (NYSE:BWP) registered a decrease of 8.78% in short interest. BWP’s total short interest was 8.97 million shares in November as published by FINRA. Its down 8.78% from 9.83 million shares, reported previously. With 1.32 million shares average volume, it will take short sellers 7 days to cover their BWP’s short positions. The short interest to Boardwalk Pipeline Partners’s float is 7.21%.

The stock decreased 2.19% or $0.32 on November 17, reaching $14.28. About 1.28M shares traded or 6.67% up from the average. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since November 18, 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 $3.50 billion. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons pipeline and storage systems. It has a 12.12 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 8 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Boardwalk Pipeline Partners had 15 analyst reports since August 13, 2015 according to SRatingsIntel. Citigroup maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Thursday, November 2 with “Buy” rating. As per Thursday, September 29, the company rating was initiated by Janney Capital. RBC Capital Markets maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Tuesday, February 7 with “Outperform” rating. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Thursday, July 21 report. On Friday, May 27 the stock rating was maintained by JP Morgan with “Overweight”. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) has “Underweight” rating given on Tuesday, August 2 by Barclays Capital. As per Tuesday, February 9, the company rating was maintained by Credit Suisse. RBC Capital Markets downgraded the shares of BWP in report on Tuesday, August 1 to “Sector Perform” rating. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned “Buy” rating by Bank of America on Tuesday, September 1. RBC Capital Markets maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Monday, June 5 with “Buy” rating.

More news for Boardwalk Pipeline Partners, LP (NYSE:BWP) were recently published by: Fool.com, which released: “Boardwalk Pipeline Partners Takes a Short-Term Hit for Longer-Term Certainty” on October 31, 2017. Nasdaq.com‘s article titled: “Boardwalk Pipeline Partners About To Put More Money In Your Pocket (BWP)” and published on November 06, 2017 is yet another important article.

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