Columbia Pipeline Partners LP (NYSE:CPPL) is set to release its earnings data before the market opens on Thursday, February 16th. Analysts expect Columbia Pipeline Partners to post earnings of $0.22 per share for the quarter.
Shares of Columbia Pipeline Partners LP (NYSE:CPPL) opened at 17.00 on Tuesday. Columbia Pipeline Partners LP has a one year low of $12.35 and a one year high of $19.49. The firm has a 50-day moving average price of $17.11 and a 200 day moving average price of $16.06. The stock has a market capitalization of $1.71 billion, a PE ratio of 24.18 and a beta of 0.86.
The business also recently declared a quarterly dividend, which was paid on Monday, February 13th. Stockholders of record on Tuesday, February 7th were paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Friday, February 3rd. Columbia Pipeline Partners’s dividend payout ratio (DPR) is presently 112.86%.
A number of equities analysts have recently weighed in on CPPL shares. DA Davidson reaffirmed a “neutral” rating on shares of Columbia Pipeline Partners in a research note on Monday, December 5th. Citigroup Inc. downgraded shares of Columbia Pipeline Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research downgraded shares of Columbia Pipeline Partners from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.28.
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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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