Brookfield Asset Management Inc. bought a new position in DCP Midstream Partners (NYSE:DCP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,911,680 shares of the pipeline company’s stock, valued at approximately $105,781,000. Brookfield Asset Management Inc. owned about 2.03% of DCP Midstream Partners as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new stake in shares of DCP Midstream Partners in the fourth quarter worth $102,000. SeaCrest Wealth Management LLC acquired a new stake in shares of DCP Midstream Partners in the fourth quarter worth $110,000. The Manufacturers Life Insurance Company acquired a new stake in shares of DCP Midstream Partners in the second quarter worth $119,000. Captrust Financial Advisors acquired a new stake in shares of DCP Midstream Partners in the fourth quarter worth $183,000. Finally, KHP Capital LLC acquired a new stake in shares of DCP Midstream Partners in the fourth quarter worth $203,000. Institutional investors and hedge funds own 56.59% of the company’s stock.
Several brokerages have recently commented on DCP. Stifel Nicolaus set a $43.00 target price on DCP Midstream Partners and gave the stock a “buy” rating in a research report on Monday, March 12th. UBS reaffirmed a “buy” rating and issued a $42.00 target price (down previously from $46.00) on shares of DCP Midstream Partners in a research report on Friday, March 2nd. ValuEngine cut DCP Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Goldman Sachs raised DCP Midstream Partners from a “sell” rating to a “neutral” rating and set a $48.00 target price for the company in a research report on Thursday, February 1st. Finally, Bank of America cut DCP Midstream Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $41.99 to $40.00 in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.60.
Shares of DCP Midstream Partners (DCP) opened at $33.96 on Tuesday. The stock has a market capitalization of $5,100.40, a price-to-earnings ratio of 58.34 and a beta of 2.17. DCP Midstream Partners has a 12-month low of $29.70 and a 12-month high of $42.79. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.68.
DCP Midstream Partners (NYSE:DCP) last released its quarterly earnings data on Tuesday, February 13th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $3.27 billion. DCP Midstream Partners had a net margin of 2.71% and a return on equity of 3.59%. equities analysts forecast that DCP Midstream Partners will post 1.32 EPS for the current year.
DCP Midstream Partners Profile
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.
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