First Trust Advisors LP Grows Position in DCP Midstream Partners, LP (DCP)

First Trust Advisors LP increased its position in shares of DCP Midstream Partners, LP (NYSE:DCP) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,777 shares of the pipeline company’s stock after purchasing an additional 8,819 shares during the quarter. First Trust Advisors LP owned 0.20% of DCP Midstream Partners, worth $10,073,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DCP. Ffcm LLC acquired a new stake in shares of DCP Midstream Partners, during the second quarter worth about $117,000. The Manufacturers Life Insurance Company acquired a new position in DCP Midstream Partners, in the second quarter valued at approximately $119,000. Salem Investment Counselors Inc. acquired a new position in DCP Midstream Partners, in the second quarter valued at approximately $135,000. Solaris Asset Management LLC acquired a new position in DCP Midstream Partners, in the second quarter valued at approximately $140,000. Finally, Penserra Capital Management LLC acquired a new position in DCP Midstream Partners, in the second quarter valued at approximately $162,000. 55.20% of the stock is owned by hedge funds and other institutional investors.

Shares of DCP Midstream Partners, LP (DCP) opened at $34.33 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.73. DCP Midstream Partners, LP has a 12-month low of $29.70 and a 12-month high of $42.45. The company has a market capitalization of $5,012.98, a P/E ratio of 39.30 and a beta of 2.09.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend is Monday, November 6th. DCP Midstream Partners,’s payout ratio is 439.44%.

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A number of analysts have recently commented on DCP shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $37.00 price objective (down from $40.00) on shares of DCP Midstream Partners, in a research report on Tuesday, August 8th. R. F. Lafferty started coverage on DCP Midstream Partners, in a research report on Thursday, October 5th. They issued a “buy” rating and a $38.00 price objective for the company. Barclays PLC cut their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Credit Suisse Group cut their price objective on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Finally, Zacks Investment Research cut DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.73.

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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