Meiji Yasuda Life Insurance Company Decreased Its Verizon Communications (VZ) Holding; Boardwalk Pipeline Partners (BWP) Shorts Lowered By 8.78%

December 7, 2017 - By Darrin Black

Boardwalk Pipeline Partners (NYSE:BWP) had a decrease of 8.78% in short interest. BWP’s SI was 8.97M shares in December as released by FINRA. Its down 8.78% from 9.83 million shares previously. With 1.32M avg volume, 7 days are for Boardwalk Pipeline Partners (NYSE:BWP)’s short sellers to cover BWP’s short positions. The SI to Boardwalk Pipeline Partners’s float is 7.21%. The stock decreased 2.49% or $0.33 during the last trading session, reaching $12.91. About 1.09 million shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since December 7, 2016 and is uptrending. It has underperformed by 5.02% the S&P500.

Meiji Yasuda Life Insurance Company decreased Verizon Communications Inc (VZ) stake by 17.67% reported in 2017Q2 SEC filing. Meiji Yasuda Life Insurance Company sold 18,900 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Meiji Yasuda Life Insurance Company holds 88,047 shares with $3.93 million value, down from 106,947 last quarter. Verizon Communications Inc now has $206.75B valuation. The stock decreased 0.47% or $0.24 during the last trading session, reaching $50.68. About 17.30M shares traded or 3.93% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 59 analyst reports since July 22, 2015 according to SRatingsIntel. Wells Fargo upgraded Verizon Communications Inc. (NYSE:VZ) on Monday, November 20 to “Outperform” rating. The firm has “Neutral” rating given on Wednesday, July 27 by Hilliard Lyons. As per Wednesday, September 30, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, October 11 by KeyBanc Capital Markets. FBR Capital maintained the shares of VZ in report on Wednesday, October 21 with “Outperform” rating. The company was upgraded on Tuesday, February 21 by Moffett Nathanson. The rating was upgraded by Zacks to “Hold” on Friday, August 14. As per Thursday, August 10, the company rating was maintained by Oppenheimer. The rating was maintained by RBC Capital Markets on Friday, July 7 with “Hold”. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Mkt Perform” rating by Raymond James on Wednesday, January 25.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It turned negative, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Beach Invest Management Limited Co accumulated 96,742 shares or 0.44% of the stock. Atlas Browninc reported 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Fincl Advisory Incorporated, Kansas-based fund reported 21,537 shares. Inv House Limited Liability Com invested 0.27% in Verizon Communications Inc. (NYSE:VZ). Raymond James Fin Service Advsr owns 2.06 million shares. Windsor Management Ltd Liability Corporation invested in 10,446 shares or 0.23% of the stock. Boston Prtnrs has 0.03% invested in Verizon Communications Inc. (NYSE:VZ). Mckinley Carter Wealth Incorporated holds 0.28% or 14,328 shares in its portfolio. Credit Suisse Ag reported 0.52% stake. Moreover, Stillwater Management Ltd has 1.08% invested in Verizon Communications Inc. (NYSE:VZ). New England Retirement Group Inc Inc owns 0.22% invested in Verizon Communications Inc. (NYSE:VZ) for 8,384 shares. Trexquant Investment Limited Partnership holds 0.41% or 33,300 shares. Checchi Cap Advisers Limited Company holds 0.17% or 36,050 shares in its portfolio. Fcg Advsr Limited Liability Com has 0.26% invested in Verizon Communications Inc. (NYSE:VZ) for 17,228 shares. Butensky Cohen Fincl Security invested in 0.02% or 395 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 EPS, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59B for 14.40 P/E if the $0.88 EPS becomes a reality. After $0.98 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Meiji Yasuda Life Insurance Company increased Motorola Solutions Inc (NYSE:MSI) stake by 5,590 shares to 15,790 valued at $1.37M in 2017Q2. It also upped Biogen Inc (NASDAQ:BIIB) stake by 1,300 shares and now owns 6,866 shares. Amazon Com Inc (NASDAQ:AMZN) was raised too.

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.01, from 1 in 2017Q1. It is negative, as 20 investors sold Boardwalk Pipeline Partners, LP shares while 47 reduced holdings. 22 funds opened positions while 44 raised stakes. 225.25 million shares or 1.35% less from 228.34 million shares in 2017Q1 were reported. Hightower Advsrs Ltd Limited Liability Company has 11,887 shares. Advisory Svcs Network Limited Liability Company holds 156 shares. Cohen Steers owns 0% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 22,763 shares. Nuveen Asset Llc reported 0.01% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). Creative Planning reported 13,072 shares stake. Clinton Gp Inc invested in 0.03% or 16,574 shares. Barnett Incorporated invested 0.52% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Ubs Asset Management Americas stated it has 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Barclays Pcl has 615,239 shares for 0.01% of their portfolio. Richmond Hill Ltd Partnership holds 14.44% or 616,530 shares. Swift Run Capital Ltd Liability Corp holds 0.49% or 46,900 shares in its portfolio. Hite Hedge Asset has 450,496 shares. 10,709 were accumulated by Zeke Cap Advsrs Ltd Company. Moody Fincl Bank Division invested in 11,050 shares or 0.01% of the stock. Massachusetts Services Com Ma invested in 618,359 shares or 0% of the stock.

Among 9 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Boardwalk Pipeline Partners had 16 analyst reports since August 13, 2015 according to SRatingsIntel. RBC Capital Markets maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Monday, October 9 with “Hold” rating. As per Thursday, September 29, the company rating was initiated by Janney Capital. The rating was maintained by JP Morgan on Friday, May 27 with “Overweight”. The firm has “Buy” rating given on Thursday, November 2 by Citigroup. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, August 2 report. Credit Suisse maintained it with “Outperform” rating and $20 target in Tuesday, February 9 report. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Thursday, July 21. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, August 1 report. The stock has “Buy” rating by Bank of America on Tuesday, September 1. The company was initiated on Friday, November 17 by Goldman Sachs.

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 $3.23 billion. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities. It has a 10.95 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.

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