Columbia Pipeline Partners LP (NYSE:CPPL) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.
A number of brokerages have recently weighed in on CPPL. DA Davidson reissued a “neutral” rating on shares of Columbia Pipeline Partners in a report on Monday, December 5th. Zacks Investment Research lowered Columbia Pipeline Partners from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Finally, Citigroup Inc. lowered Columbia Pipeline Partners from a “buy” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $17.00 in a report on Wednesday, November 2nd.
Hedge funds have recently modified their holdings of the stock. Diversified Trust Co raised its stake in shares of Columbia Pipeline Partners by 1.7% in the third quarter. Diversified Trust Co now owns 11,581 shares of the company’s stock valued at $187,000 after buying an additional 195 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Columbia Pipeline Partners by 7.4% in the third quarter. Global X Management Co. LLC now owns 17,199 shares of the company’s stock valued at $278,000 after buying an additional 1,186 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Columbia Pipeline Partners by 36.8% in the third quarter. BB&T Securities LLC now owns 19,530 shares of the company’s stock valued at $315,000 after buying an additional 5,250 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Columbia Pipeline Partners during the third quarter valued at approximately $338,000. Finally, Stifel Financial Corp acquired a new stake in shares of Columbia Pipeline Partners during the second quarter valued at approximately $584,000. 88.16% of the stock is currently owned by institutional investors.
Shares of Columbia Pipeline Partners (NYSE:CPPL) traded up 0.147% during trading on Tuesday, reaching $17.025. The company’s stock had a trading volume of 239,611 shares. Columbia Pipeline Partners has a one year low of $12.35 and a one year high of $19.49. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 24.218 and a beta of 0.86. The company has a 50-day moving average price of $17.11 and a 200-day moving average price of $16.06.
The business also recently announced a quarterly dividend, which was paid on Monday, February 13th. Investors of record on Tuesday, February 7th were issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Friday, February 3rd. Columbia Pipeline Partners’s dividend payout ratio (DPR) is 112.86%.
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Columbia Pipeline Partners Company Profile
Columbia Pipeline Partners LP (the Partnership) is a limited partnership company operating a portfolio of pipelines, storage and related midstream assets. It is engaged in interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions.
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