Yorkville Capital Management LLC Takes $966,000 Position in DCP Midstream Partners, LP (DCP)

Yorkville Capital Management LLC purchased a new position in DCP Midstream Partners, LP (NYSE:DCP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,550 shares of the pipeline company’s stock, valued at approximately $966,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Phillips Financial Management LLC bought a new position in shares of DCP Midstream Partners, in the second quarter worth $370,000. Evergreen Capital Management LLC bought a new position in shares of DCP Midstream Partners, in the second quarter worth $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of DCP Midstream Partners, in the second quarter worth $22,751,000. Cincinnati Insurance Co. bought a new position in shares of DCP Midstream Partners, in the second quarter worth $1,724,000. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of DCP Midstream Partners, in the second quarter worth $239,264,000. 55.13% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Yorkville Capital Management LLC Takes $966,000 Position in DCP Midstream Partners, LP (DCP)” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/10/17/yorkville-capital-management-llc-takes-966000-position-in-dcp-midstream-partners-lp-dcp.html.

Shares of DCP Midstream Partners, LP (DCP) traded down 0.60% on Tuesday, reaching $34.82. 77,536 shares of the company traded hands. DCP Midstream Partners, LP has a 1-year low of $29.70 and a 1-year high of $42.45. The stock has a 50-day moving average price of $33.42 and a 200 day moving average price of $34.43. The firm has a market capitalization of $4.99 billion, a P/E ratio of 18.79 and a beta of 2.10.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts anticipate that DCP Midstream Partners, LP will post $1.27 EPS for the current fiscal year.

Several research analysts have recently weighed in on DCP shares. R. F. Lafferty started coverage on shares of DCP Midstream Partners, in a report on Thursday, October 5th. They issued a “buy” rating and a $38.00 price target on the stock. Barclays PLC decreased their price target on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target (down previously from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st. 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. Finally, Credit Suisse Group decreased their price target on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.36.

DCP Midstream Partners, Profile

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.

Want to see what other hedge funds are holding DCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DCP Midstream Partners, LP (NYSE:DCP).

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

What are top analysts saying about DCP Midstream Partners LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for DCP Midstream Partners LP and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit