Partners Balanced Trust Sentiment Worsening on Low Stock Potential

May 17, 2018 - By Michael Collier

Boardwalk Pipeline Partners, LP (NYSE:BWP) Logo

Sentiment for Partners Balanced Trust (NYSE:BWP)

Partners Balanced Trust (NYSE:BWP) institutional sentiment decreased to 0.65 in 2017 Q4. Its down -0.29, from 0.94 in 2017Q3. The ratio dropped, as 48 investment professionals increased or opened new equity positions, while 74 decreased and sold equity positions in Partners Balanced Trust. The investment professionals in our partner’s database now possess: 219.85 million shares, down from 231.22 million shares in 2017Q3. Also, the number of investment professionals holding Partners Balanced Trust in their top 10 equity positions was flat from 5 to 5 for the same number . Sold All: 19 Reduced: 55 Increased: 30 New Position: 18.

Boardwalk Pipeline Partners, LP, through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas, and natural gas liquids and other hydrocarbons in the United States. The company has market cap of $2.68 billion. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities. It has a 9.2 P/E ratio. The companyÂ’s pipeline systems contain approximately 13,930 interconnected natural gas pipelines, directly serving clients in 13 states and indirectly serving clients throughout the northeastern and southeastern United States through various interconnections with unaffiliated pipelines.

The stock increased 2.10% or $0.22 during the last trading session, reaching $10.7. About 792,241 shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has declined 42.11% since May 17, 2017 and is downtrending. It has underperformed by 53.66% the S&P500.

Analysts await Boardwalk Pipeline Partners, LP (NYSE:BWP) to report earnings on July, 30. They expect $0.25 earnings per share, down 10.71 % or $0.03 from last year’s $0.28 per share. BWP’s profit will be $62.57 million for 10.70 P/E if the $0.25 EPS becomes a reality. After $0.38 actual earnings per share reported by Boardwalk Pipeline Partners, LP for the previous quarter, Wall Street now forecasts -34.21 % negative EPS growth.

Tam Capital Management Inc. holds 19.56% of its portfolio in Boardwalk Pipeline Partners, LP for 1.70 million shares. Richmond Hill Investments Llc owns 1.72 million shares or 15.64% of their US portfolio. Moreover, Richmond Hill Investment Co. Lp has 10.82% invested in the company for 616,530 shares. The New York-based Loews Corp has invested 9.81% in the stock. Matthew 25 Management Corp, a Pennsylvania-based fund reported 1.65 million shares.

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

Ratings analysis reveals 40% of Boardwalk Pipeline’s analysts are positive. Out of 5 Wall Street analysts rating Boardwalk Pipeline, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12 while the high is $17. The stock’s average target of $14 is 30.84% above today’s ($10.7) share price. BWP was included in 9 notes of analysts from January 5, 2018. The firm has “Buy” rating given on Tuesday, March 27 by Bank of America. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, January 16. The company was maintained on Tuesday, February 13 by Bank of America. The company was maintained on Tuesday, May 1 by Barclays Capital. Barclays Capital upgraded Boardwalk Pipeline Partners, LP (NYSE:BWP) on Wednesday, January 17 to “Equal-Weight” rating. The firm earned “Hold” rating on Monday, February 12 by RBC Capital Markets. On Tuesday, February 13 the stock rating was maintained by Barclays Capital with “Equal-Weight”. UBS maintained the shares of BWP in report on Friday, March 2 with “Buy” rating.

More news for Boardwalk Pipeline Partners, LP (NYSE:BWP) were recently published by: Nasdaq.com, which released: “What’s Next For Oil?” on May 16, 2018. Streetinsider.com‘s article titled: “TAM Capital Management Issues Response to Loews ‘s Efforts to ‘Stonewall’ Boardwalk LP (BWP) Minority Unitholders” and published on May 11, 2018 is yet another important article.

Boardwalk Pipeline Partners, LP (NYSE:BWP) Institutional Positions Chart

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