Parkside Financial Bank & Trust Invests $1.49 Million in DCP Midstream Partners, LP (DCP)

Parkside Financial Bank & Trust bought a new position in DCP Midstream Partners, LP (NYSE:DCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,949 shares of the pipeline company’s stock, valued at approximately $1,486,000. DCP Midstream Partners, comprises about 0.6% of Parkside Financial Bank & Trust’s portfolio, making the stock its 26th largest position.

A number of other institutional investors have also recently modified their holdings of the company. Eagle Global Advisors LLC bought a new stake in DCP Midstream Partners, during the second quarter worth approximately $106,820,000. ING Groep NV bought a new stake in DCP Midstream Partners, during the second quarter worth approximately $3,379,000. Municipal Employees Retirement System of Michigan bought a new stake in DCP Midstream Partners, during the second quarter worth approximately $3,147,000. Albert D Mason Inc. bought a new stake in DCP Midstream Partners, during the second quarter worth approximately $762,000. Finally, Janney Montgomery Scott LLC bought a new stake in DCP Midstream Partners, during the second quarter worth approximately $758,000. 56.43% of the stock is owned by institutional investors and hedge funds.

DCP Midstream Partners, LP (NYSE DCP) traded down 0.25% on Friday, reaching $31.33. The company had a trading volume of 283,431 shares. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.91 and a beta of 2.10. DCP Midstream Partners, LP has a one year low of $29.70 and a one year high of $42.45. The company’s 50 day moving average is $33.77 and its 200-day moving average is $36.50.

DCP Midstream Partners, (NYSE:DCP) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a return on equity of 7.91% and a net margin of 7.93%. DCP Midstream Partners,’s revenue was up 20.1% on a year-over-year basis. On average, equities research analysts expect that DCP Midstream Partners, LP will post $1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, August 4th. This represents a $3.12 annualized dividend and a yield of 9.96%. DCP Midstream Partners,’s payout ratio is 164.21%.

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A number of equities research analysts have commented on the company. Zacks Investment Research lowered DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. US Capital Advisors upgraded DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research report on Wednesday, May 24th. Royal Bank Of Canada cut their target price on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group cut their target price on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. DCP Midstream Partners, currently has a consensus rating of “Hold” and a consensus price target of $39.90.

About DCP Midstream Partners,

DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.

Institutional Ownership by Quarter for DCP Midstream Partners, (NYSE:DCP)

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