Partners Balanced Trust (NYSE:BWP) Institutional Investors Sentiment Falls in 2017 Q4

May 17, 2018 - By Robert Crowder

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 Q4 2017. Its down -0.29, from 0.94 in 2017Q3. The ratio fall, as 48 investment professionals increased or started new holdings, while 74 reduced and sold their equity positions in Partners Balanced Trust. The investment professionals in our partner’s database now own: 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 holdings 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 EPS, down 10.71 % or $0.03 from last year’s $0.28 per share. BWP’s profit will be $62.57M for 10.70 P/E if the $0.25 EPS becomes a reality. After $0.38 actual EPS 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 rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, May 1. UBS maintained it with “Buy” rating and $17 target in Friday, March 2 report. Barclays Capital maintained the shares of BWP in report on Tuesday, February 13 with “Equal-Weight” rating. Bank of America maintained it with “Buy” rating and $15 target in Tuesday, February 13 report. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned “Buy” rating by Bank of America on Tuesday, March 27. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, February 12 by RBC Capital Markets. As per Wednesday, January 17, the company rating was upgraded by Barclays Capital.

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

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

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