DCP Midstream Partners, LP (NYSE:DCP) insider Don Baldridge bought 50 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $50,000.00. Following the purchase, the insider now directly owns 50 shares in the company, valued at $50,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of DCP Midstream Partners, LP (NYSE DCP) opened at $35.72 on Friday. The company has a market capitalization of $5,040.00, a P/E ratio of 38.43 and a beta of 2.10. DCP Midstream Partners, LP has a 12-month low of $29.70 and a 12-month high of $42.45. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend was Monday, November 6th. DCP Midstream Partners’s dividend payout ratio is 439.44%.
A number of equities analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price (up from $39.00) on shares of DCP Midstream Partners in a report on Thursday, November 9th. R. F. Lafferty initiated coverage on DCP Midstream Partners in a report on Thursday, October 5th. They set a “buy” rating and a $38.00 price target on the stock. Zacks Investment Research upgraded DCP Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. Jefferies Group restated a “hold” rating and issued a $33.00 target price (down previously from $35.00) on shares of DCP Midstream Partners in a research note on Friday, September 1st. Finally, Barclays 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. One 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. The company presently has a consensus rating of “Hold” and an average price target of $38.73.
A number of large investors have recently bought and sold shares of DCP. Phillips Financial Management LLC acquired a new position in shares of DCP Midstream Partners in the 2nd quarter valued at $370,000. Evergreen Capital Management LLC acquired a new stake in DCP Midstream Partners during the 2nd quarter worth $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DCP Midstream Partners during the 2nd quarter worth $22,751,000. California Public Employees Retirement System bought a new position in DCP Midstream Partners during the 2nd quarter worth about $4,202,000. Finally, CNH Partners LLC bought a new position in DCP Midstream Partners during the 2nd quarter worth about $698,000. 54.88% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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