43,949 Shares in DCP Midstream Partners, LP (DCP) Acquired by Parkside Financial Bank & Trust

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Global Advisors LLC bought a new position in DCP Midstream Partners, during the second quarter valued at $106,820,000. ING Groep NV acquired a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $3,379,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $3,147,000. Albert D Mason Inc. acquired a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $762,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $758,000. 55.72% of the stock is owned by hedge funds and other institutional investors.

Shares of DCP Midstream Partners, LP (NYSE DCP) traded up 0.10% during mid-day trading on Friday, hitting $30.69. 235,979 shares of the stock were exchanged. DCP Midstream Partners, LP has a 52-week low of $29.70 and a 52-week high of $42.45. The company has a market cap of $4.40 billion, a P/E ratio of 16.56 and a beta of 2.10. The stock’s 50-day moving average price is $33.52 and its 200-day moving average price is $36.17.

DCP Midstream Partners, (NYSE:DCP) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The company’s revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that DCP Midstream Partners, LP will post $1.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 8th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 10.17%. The ex-dividend date of this dividend was Friday, August 4th. DCP Midstream Partners,’s payout ratio is presently 164.21%.

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A number of analysts have commented on the stock. Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, August 10th. Barclays PLC reduced their target price on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $37.00 target price (down from $40.00) on shares of DCP Midstream Partners, in a report on Tuesday, August 8th. Credit Suisse Group reduced their target price on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th. Finally, US Capital Advisors raised shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $39.64.

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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