Boston, MA 05/22/2014 (wallstreetpr) – Boardwalk Pipeline Partners, LP (NYSE:BWP) Announced To Hold Meetings With The Investors At Annual Investor Conference. Boardwalk Pipeline Partners, LP (NYSE:BWP) announced on May 19, 2014 that the company’s President and CEO, Stan Horton; Chief Financial & Administrative Officer, Jamie Buskill and Vice President of Administration, Allison McLean will organise meetings with the company’s investors. The meetings will be organized at the 2014 Master Limited Partnership Annual Investor Conference. The conference is sponsored by National Association of Publicly Traded Partnerships and will be held on May 21 and 22, 2014 in Florida.
Research Analysts Rating To The Company
Citigroup Inc. research analysts reiterated “Buy” rating for Boardwalk Pipeline Partners and their price target is now $18.50 on the company’s stock. The research analysts at Morgan Stanley upgraded the shares of the company to “Equal Weight” from the previous rating of “Underweight.” The price target of Morgan Stanley is now $17.00 on the stock, an increase from the previous $14.00. The Raymond James analysts gave the “Underperform” rating to the shares of the company from the previous “Market Perform.” Two of the research analysts gave a “Sell” rating to the company and eight of these issued “Hold” rating for the stock of the company. Five research analysts gave “Buy” Rating to the company’s stock. The average rating of Boardwalk Pipeline Partners’ stock is “Hold” and the consensus price target of the company is $18.25.
Quarterly Dividend Also Announced
Boardwalk Pipeline Partners, LP (NYSE:BWP) also announced the quarterly dividend of $0.10 per share on May 15, 2014. This indicated that the annualised dividend of the company was $0.40, and the dividend yield was 2.47%. The company also issued the quarterly earnings. It reported that the earnings per share (EPS) for Q1 2014 were $0.44. The revenue of the company was $356.90 million for the first quarter of the present fiscal year. In the previous year’s same quarter, the EPS was $0.42.
The revenue of the company for Q1 2014 saw an increase of 8.6% on YOY basis. The analysts predicted that the company would register the $0.90 earnings per share for present financial year.
