Fmr LLC Invests $12.12 Million in DCP Midstream Partners, LP (NYSE:DCP) Stock

FMR LLC acquired a new stake in shares of DCP Midstream Partners, LP (NYSE:DCP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 358,276 shares of the pipeline company’s stock, valued at approximately $12,120,000. FMR LLC owned about 0.25% of DCP Midstream Partners, at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DCP. Kayne Anderson Capital Advisors LP purchased a new position in shares of DCP Midstream Partners, in the second quarter valued at $239,264,000. Alps Advisors Inc. purchased a new position in shares of DCP Midstream Partners, in the second quarter valued at $223,169,000. Tortoise Capital Advisors L.L.C. purchased a new position in shares of DCP Midstream Partners, in the second quarter valued at $126,078,000. Center Coast Capital Advisors LP purchased a new position in shares of DCP Midstream Partners, in the second quarter valued at $113,213,000. Finally, First Eagle Investment Management LLC purchased a new position in shares of DCP Midstream Partners, in the second quarter valued at $107,928,000. Hedge funds and other institutional investors own 55.92% of the company’s stock.

DCP Midstream Partners, LP (DCP) traded down $0.78 during mid-day trading on Tuesday, hitting $33.55. The company had a trading volume of 236,200 shares, compared to its average volume of 375,292. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70. The company has a market capitalization of $4,780.00, a P/E ratio of 38.57 and a beta of 2.09. DCP Midstream Partners, LP has a 12-month low of $29.70 and a 12-month high of $42.45.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.78 dividend. The ex-dividend date is Monday, November 6th. This represents a $3.12 annualized dividend and a dividend yield of 9.30%. DCP Midstream Partners,’s payout ratio is currently 439.44%.

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Several research firms have commented on DCP. Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective (up from $39.00) on shares of DCP Midstream Partners, in a research note on Thursday, November 9th. R. F. Lafferty began coverage on shares of DCP Midstream Partners, in a research note on Thursday, October 5th. They set a “buy” rating and a $38.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective (down from $35.00) on shares of DCP Midstream Partners, in a research note on Friday, September 1st. Finally, Barclays PLC dropped their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. DCP Midstream Partners, currently has a consensus rating of “Hold” and a consensus target price of $38.73.

DCP Midstream Partners, 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.

Institutional Ownership by Quarter for DCP Midstream Partners, (NYSE:DCP)

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