Fmr LLC Purchases Shares of 358,276 DCP Midstream Partners, LP (DCP)

Fmr LLC purchased a new stake in DCP Midstream Partners, LP (NYSE:DCP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 358,276 shares of the pipeline company’s stock, valued at approximately $12,120,000. Fmr LLC owned approximately 0.25% of DCP Midstream Partners, as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DCP. Ffcm LLC acquired a new stake in DCP Midstream Partners, during the second quarter worth about $117,000. Solaris Asset Management LLC acquired a new stake in DCP Midstream Partners, during the second quarter worth about $140,000. Penserra Capital Management LLC acquired a new stake in DCP Midstream Partners, during the second quarter worth about $162,000. Advisors Asset Management Inc. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $178,000. Finally, Sei Investments Co. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $179,000. Institutional investors and hedge funds own 55.21% of the company’s stock.

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A number of equities research analysts have issued reports on DCP shares. Zacks Investment Research downgraded shares of DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective (down from $35.00) on shares of DCP Midstream Partners, in a research note on Friday, September 1st. R. F. Lafferty started coverage on shares of DCP Midstream Partners, in a research note on Thursday, October 5th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 2nd. Finally, Barclays PLC reduced their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.36.

Shares of DCP Midstream Partners, LP (NYSE:DCP) opened at 33.24 on Monday. The stock has a 50 day moving average of $33.91 and a 200-day moving average of $34.11. DCP Midstream Partners, LP has a 1-year low of $29.70 and a 1-year high of $42.45. The firm has a market capitalization of $4.76 billion, a P/E ratio of 17.94 and a beta of 2.10.

DCP Midstream Partners, (NYSE:DCP) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 6.71% and a net margin of 7.93%. The business’s revenue was up 20.1% compared to the same quarter last year. On average, equities analysts expect that DCP Midstream Partners, LP will post $1.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date is Monday, November 6th. DCP Midstream Partners,’s dividend payout ratio (DPR) is presently 164.21%.

DCP Midstream Partners, Company 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.

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

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