Boardwalk Pipeline Partners (NYSE:BWP) was the target of unusually large options trading on Monday. Traders acquired 4,009 call options on the company. This is an increase of 885% compared to the average volume of 407 call options.

Shares of NYSE BWP opened at $10.83 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. Boardwalk Pipeline Partners has a one year low of $9.85 and a one year high of $18.79. The firm has a market capitalization of $2,638.12, a price-to-earnings ratio of 7.81 and a beta of 0.66.

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Boardwalk Pipeline Partners (NYSE:BWP) last issued its quarterly earnings data on Monday, February 12th. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Boardwalk Pipeline Partners had a net margin of 22.46% and a return on equity of 7.38%. The firm had revenue of $337.50 million during the quarter, compared to analyst estimates of $352.58 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. equities analysts forecast that Boardwalk Pipeline Partners will post 1.21 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on BWP shares. ValuEngine lowered Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Credit Suisse Group assumed coverage on Boardwalk Pipeline Partners in a report on Thursday, January 4th. They set a “neutral” rating and a $15.00 target price on the stock. Bank of America assumed coverage on Boardwalk Pipeline Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Barclays raised Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock in a report on Wednesday, January 17th. Finally, Zacks Investment Research lowered Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.22.

Several large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in shares of Boardwalk Pipeline Partners by 2.3% during the 4th quarter. Alps Advisors Inc. now owns 10,330,204 shares of the pipeline company’s stock valued at $133,363,000 after acquiring an additional 234,271 shares during the period. Maple Brown Abbott Ltd lifted its position in shares of Boardwalk Pipeline Partners by 39.1% during the 4th quarter. Maple Brown Abbott Ltd now owns 7,224,294 shares of the pipeline company’s stock worth $93,266,000 after buying an additional 2,031,267 shares during the last quarter. Magnolia Group LLC bought a new stake in shares of Boardwalk Pipeline Partners during the 4th quarter worth $51,132,000. Cushing Asset Management LP lifted its position in shares of Boardwalk Pipeline Partners by 283.7% during the 4th quarter. Cushing Asset Management LP now owns 3,476,670 shares of the pipeline company’s stock worth $44,884,000 after buying an additional 2,570,470 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Boardwalk Pipeline Partners by 13.2% during the 4th quarter. Bank of Montreal Can now owns 2,346,950 shares of the pipeline company’s stock worth $30,299,000 after buying an additional 274,000 shares during the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

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About Boardwalk Pipeline Partners

Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.

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