As Netflix (NFLX) Stock Rose, Grubman Wealth Management Has Trimmed Its Holding by $556,956; Torray Trimmed Its Boardwalk Pipeline Partners (BWP) Holding by $2.27 Million; Share Value Declined

April 25, 2018 - By Adrian Mccoy

Boardwalk Pipeline Partners, LP (NYSE:BWP) Logo

Torray Llc decreased its stake in Boardwalk Pipeline Partners (BWP) by 20.66% based on its latest 2017Q4 regulatory filing with the SEC. Torray Llc sold 188,861 shares as the company’s stock declined 27.31% with the market. The institutional investor held 725,443 shares of the natural gas distribution company at the end of 2017Q4, valued at $9.37M, down from 914,304 at the end of the previous reported quarter. Torray Llc who had been investing in Boardwalk Pipeline Partners for a number of months, seems to be less bullish one the $2.80B market cap company. The stock increased 0.90% or $0.1 during the last trading session, reaching $11.18. About 2.49 million shares traded or 95.67% up from the average. Boardwalk Pipeline Partners, LP (NYSE:BWP) has declined 42.11% since April 25, 2017 and is downtrending. It has underperformed by 53.66% the S&P500.

Grubman Wealth Management decreased its stake in Netflix Inc (NFLX) by 73.45% based on its latest 2017Q4 regulatory filing with the SEC. Grubman Wealth Management sold 2,916 shares as the company’s stock rose 58.31% while stock markets declined. The institutional investor held 1,054 shares of the consumer services company at the end of 2017Q4, valued at $202,000, down from 3,970 at the end of the previous reported quarter. Grubman Wealth Management who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $132.90 billion market cap company. The stock decreased 0.41% or $1.26 during the last trading session, reaching $305.76. About 14.36 million shares traded or 20.20% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 25, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Investors sentiment decreased to 0.65 in Q4 2017. Its down 0.29, from 0.94 in 2017Q3. It turned negative, as 19 investors sold BWP shares while 55 reduced holdings. 18 funds opened positions while 30 raised stakes. 219.85 million shares or 4.92% less from 231.22 million shares in 2017Q3 were reported. Pnc Svcs reported 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Blackstone Gp Limited Partnership invested in 8.51 million shares. Morgan Stanley stated it has 2.77M shares. Atlantic Tru Gp Ltd Liability Company reported 3.94M shares or 0.22% of all its holdings. Jennison Lc reported 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). 1.35 million were accumulated by Highland Capital Mngmt Lp. Bb&T Securities Ltd Liability stated it has 0.01% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). Horizon Kinetics Ltd Liability Corporation holds 28,149 shares or 0.01% of its portfolio. Swift Run Capital Mngmt Ltd Liability Com reported 46,900 shares. Advisory Ser Ntwk Ltd holds 522 shares. Alps owns 10.33 million shares or 0.92% of their US portfolio. Mraz Amerine & Associate reported 166,867 shares stake. State Street accumulated 0% or 15,214 shares. Stephens Ar stated it has 0.01% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). Renaissance Limited Co holds 266,900 shares or 0% of its portfolio.

Torray Llc, which manages about $624.45M and $1.01 billion US Long portfolio, upped its stake in General Electric (NYSE:GE) by 196,224 shares to 756,999 shares, valued at $13.21M in 2017Q4, according to the filing. It also increased its holding in Loews (NYSE:L) by 43,968 shares in the quarter, for a total of 375,744 shares, and has risen its stake in Enbridge (NYSE:ENB).

Analysts await Boardwalk Pipeline Partners, LP (NYSE:BWP) to report earnings on April, 30 before the open. They expect $0.40 EPS, down 14.89% or $0.07 from last year’s $0.47 per share. BWP’s profit will be $100.11 million for 6.99 P/E if the $0.40 EPS becomes a reality. After $0.33 actual EPS reported by Boardwalk Pipeline Partners, LP for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

Among 10 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Boardwalk Pipeline Partners had 24 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Friday, November 17 by Goldman Sachs. The firm has “Neutral” rating given on Thursday, July 21 by Ladenburg Thalmann. The company was maintained on Tuesday, August 2 by Barclays Capital. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned “Equal-Weight” rating by Barclays Capital on Wednesday, January 17. The firm has “Outperform” rating given on Tuesday, February 9 by Credit Suisse. RBC Capital Markets maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Monday, October 9 with “Hold” rating. The firm has “Buy” rating by Bank of America given on Tuesday, February 13. Citigroup maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) rating on Thursday, November 2. Citigroup has “Buy” rating and $18 target. The firm has “Hold” rating given on Tuesday, January 16 by RBC Capital Markets. JP Morgan maintained the stock with “Overweight” rating in Friday, May 27 report.

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It improved, as 53 investors sold NFLX shares while 244 reduced holdings. 107 funds opened positions while 281 raised stakes. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported. Mckinley Carter Wealth stated it has 0.2% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). New Mexico Educational Retirement Board has invested 0.3% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Profund Ltd Liability owns 0.6% invested in Netflix, Inc. (NASDAQ:NFLX) for 80,625 shares. Pictet Asset Management holds 0.25% or 501,691 shares in its portfolio. Mariner Wealth Advsrs Ltd holds 0.01% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 1,480 shares. Schwab Charles Invest Mgmt Inc has 0.22% invested in Netflix, Inc. (NASDAQ:NFLX). Deutsche National Bank Ag stated it has 834,113 shares. 423,230 were reported by Agf Investments. Wellington Ltd Liability Partnership stated it has 0.15% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). University Of Texas Managment Commerce holds 200 shares or 0.15% of its portfolio. Benjamin F Edwards And Inc holds 0.07% in Netflix, Inc. (NASDAQ:NFLX) or 3,684 shares. Creative Planning accumulated 0.07% or 90,488 shares. Fjarde Ap invested in 0.35% or 120,682 shares. Hap Trading Limited holds 25,928 shares. California State Teachers Retirement Sys holds 0.27% or 679,816 shares in its portfolio.

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

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