DCP Midstream Partners, LP (NYSE:DCP) announced its earnings results on Monday. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, Morningstar.com reports. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a net margin of 10.53% and a return on equity of 8.15%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year.

Shares of DCP Midstream Partners, (NYSE:DCP) traded down 0.15% during midday trading on Tuesday, reaching $32.60. 53,702 shares of the company’s stock were exchanged. The stock has a market cap of $4.67 billion, a PE ratio of 19.34 and a beta of 2.10. DCP Midstream Partners, has a 12 month low of $29.70 and a 12 month high of $42.45. The company’s 50 day moving average is $33.47 and its 200-day moving average is $36.72.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date is Friday, August 4th. DCP Midstream Partners,’s dividend payout ratio is currently 184.62%.

DCP has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. US Capital Advisors upgraded shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research report on Wednesday, May 24th. Finally, Royal Bank Of Canada dropped their target price on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. DCP Midstream Partners, currently has a consensus rating of “Hold” and a consensus target price of $40.30.

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A number of hedge funds and other institutional investors have recently modified their holdings of DCP. Albert D Mason Inc. acquired a new position in shares of DCP Midstream Partners, during the second quarter valued at approximately $762,000. ING Groep NV acquired a new position in shares of DCP Midstream Partners, during the second quarter valued at approximately $3,379,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of DCP Midstream Partners, during the second quarter valued at approximately $3,147,000. Janney Montgomery Scott LLC acquired a new position in shares of DCP Midstream Partners, during the second quarter valued at approximately $758,000. Finally, Eagle Global Advisors LLC acquired a new position in shares of DCP Midstream Partners, during the second quarter valued at approximately $106,820,000. 56.43% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History for DCP Midstream Partners, (NYSE:DCP)

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