Royal Bank of Canada Purchases Shares of 13,018 DCP Midstream Partners, LP (DCP)

Royal Bank of Canada purchased a new stake in DCP Midstream Partners, LP (NYSE:DCP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,018 shares of the pipeline company’s stock, valued at approximately $441,000.

A number of other large investors have also bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in shares of DCP Midstream Partners, in the second quarter worth about $246,698,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of DCP Midstream Partners, in the second quarter worth about $239,264,000. Alps Advisors Inc. acquired a new position in shares of DCP Midstream Partners, in the second quarter worth about $223,169,000. Tortoise Capital Advisors L.L.C. acquired a new position in shares of DCP Midstream Partners, in the second quarter worth about $126,078,000. Finally, Center Coast Capital Advisors LP acquired a new position in shares of DCP Midstream Partners, in the second quarter worth about $113,213,000. 55.92% of the stock is currently owned by institutional investors.

DCP has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price objective (up previously from $39.00) on shares of DCP Midstream Partners, in a research report on Thursday, November 9th. R. F. Lafferty initiated coverage on shares of 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 decreased 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 report on Thursday, August 17th. Zacks Investment Research upgraded shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research report on Monday. 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 research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.73.

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DCP Midstream Partners, LP (NYSE:DCP) opened at $33.10 on Wednesday. DCP Midstream Partners, LP has a 1 year low of $29.70 and a 1 year high of $42.45. The firm has a market cap of $4,808.04, a PE ratio of 37.70 and a beta of 2.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.73.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, November 6th. This represents a $3.12 annualized dividend and a yield of 9.43%. DCP Midstream Partners,’s dividend payout ratio is presently 439.44%.

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.

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

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