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%.
TRADEMARK VIOLATION NOTICE: This story was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/11/first-trust-advisors-lp-grows-position-in-dcp-midstream-partners-lp-dcp.html.
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.
Receive News & Ratings for DCP Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCP Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.