Boardwalk Pipeline Partners L.P. (NYSE:BWP) has climbed 3.5% in the past week and advanced 2.47% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.74% and the outperformance has advanced to 1.53% for the last 4 weeks period.
Boardwalk Pipeline Partners L.P. (NYSE:BWP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.33 and $17.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.45, notching a gain of 0.93% for the day. The total traded volume was 2,352,295 . The stock had closed at $17.29 on the previous day.
The company shares have rallied 16.26% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $18.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.91 and the 200 Day Moving Average price is recorded at $13.78.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Boardwalk Pipeline Partners, Lp, Siegel Kenneth I, had purchased 20,000 shares in a transaction dated on August 25, 2015. The transaction was executed at $12.91 per share with total amount equaling $258,200.
Many analysts have stated their opinion on the company shares. Equity Analysts at the JP Morgan maintains the rating on Boardwalk Pipeline Partners L.P. (NYSE:BWP). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $19 per share to $21 per share. The rating by the firm was issued on May 27, 2016. Institutional Investors own 87.28% of Boardwalk Pipeline Partners L.P. shares.
Boardwalk Pipeline Partners, LP is a limited partnership company. The Companys business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Boardwalk Field Services, LLC, Petal Gas Storage, L.L.C, Boardwalk Louisiana Midstream, LLC and Boardwalk Storage Company, LLC. The Companys business includes integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems and natural gas gathering and processing. The Companys pipeline systems originate in the Gulf Coast region, Oklahoma and Arkansas and extend north and east to the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio. It serves a mix of customers, including producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users, and interstate and intrastate pipelines.