Shares of DCP Midstream Partners, LP (NYSE:DCP) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.36.

DCP has been the topic of several research analyst reports. Zacks Investment Research downgraded DCP Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Royal Bank Of Canada cut their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 2nd. Credit Suisse Group cut their price objective on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Barclays PLC cut their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective (down previously from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st.

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DCP Midstream Partners, (NYSE:DCP) opened at 32.57 on Thursday. The company has a market cap of $4.67 billion, a P/E ratio of 17.58 and a beta of 2.10. DCP Midstream Partners, has a 52-week low of $29.70 and a 52-week high of $42.45. The stock’s 50 day moving average price is $33.84 and its 200-day moving average price is $34.16.

DCP Midstream Partners, (NYSE:DCP) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts predict that DCP Midstream Partners, will post $1.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.12 annualized dividend and a yield of 9.58%. DCP Midstream Partners,’s payout ratio is 164.21%.

Large investors have recently added to or reduced their stakes in the company. Phillips Financial Management LLC acquired a new position in shares of DCP Midstream Partners, during the 2nd quarter worth about $370,000. Evergreen Capital Management LLC acquired a new position in shares of DCP Midstream Partners, during the 2nd quarter worth about $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of DCP Midstream Partners, during the 2nd quarter worth about $22,751,000. Cincinnati Insurance Co. acquired a new position in shares of DCP Midstream Partners, during the 2nd quarter worth about $1,724,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of DCP Midstream Partners, during the 2nd quarter worth about $32,601,000. 55.19% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for DCP Midstream Partners, (NYSE:DCP)

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