Shares of DCP Midstream Partners, LP (NYSE:DCP) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $40.11.
A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $37.00 price target (down from $40.00) on shares of DCP Midstream Partners, in a research report on Tuesday. Credit Suisse Group reduced 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 research report on Tuesday. Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, US Capital Advisors raised shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research report on Wednesday, May 24th.
A number of large investors have recently modified their holdings of the company. Eagle Global Advisors LLC acquired a new stake in shares of DCP Midstream Partners, during the second quarter valued at approximately $106,820,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of DCP Midstream Partners, during the second quarter valued at approximately $3,147,000. ING Groep NV acquired a new stake in shares of DCP Midstream Partners, during the second quarter valued at approximately $3,379,000. Center Coast Capital Advisors LP acquired a new stake in shares of DCP Midstream Partners, during the second quarter valued at approximately $113,213,000. Finally, Lee Financial Co acquired a new stake in shares of DCP Midstream Partners, during the second quarter valued at approximately $290,000. 56.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DCP Midstream Partners, (NYSE DCP) opened at 31.33 on Friday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 16.91 and a beta of 2.10. The stock has a 50 day moving average price of $33.79 and a 200-day moving average price of $36.46. DCP Midstream Partners, has a 12-month low of $29.70 and a 12-month high of $42.45.
DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. DCP Midstream Partners,’s quarterly revenue was up 20.1% on a year-over-year basis. Equities analysts anticipate that DCP Midstream Partners, will post $1.17 EPS for the current fiscal year.
The firm also recently declared 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 dividend payout ratio (DPR) is presently 164.21%.
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.
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