Equities researchers at Drexel Hamilton assumed coverage on shares of DCP Midstream Partners, LP (NYSE:DPM) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Several other research firms have also recently commented on DPM. Zacks Investment Research raised shares of DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 4th. Wunderlich raised their target price on shares of DCP Midstream Partners, from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. FBR & Co began coverage on shares of DCP Midstream Partners, in a research note on Friday, September 9th. They set a “market perform” rating and a $33.00 target price on the stock. Finally, Ladenburg Thalmann cut shares of DCP Midstream Partners, from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. DCP Midstream Partners, currently has a consensus rating of “Hold” and a consensus price target of $32.42.

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

DCP Midstream Partners, (NYSE:DPM) opened at 33.94 on Thursday. DCP Midstream Partners, has a 52-week low of $15.09 and a 52-week high of $38.15. The stock has a 50 day moving average of $34.26 and a 200-day moving average of $34.26. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 19.18 and a beta of 1.56.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Tuesday, November 8th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 9.19%. The ex-dividend date was Friday, November 4th.

Several hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in DCP Midstream Partners, by 2.4% in the third quarter. Alps Advisors Inc. now owns 5,747,312 shares of the company’s stock valued at $203,053,000 after buying an additional 134,794 shares in the last quarter. Center Coast Capital Advisors LP raised its position in shares of DCP Midstream Partners, by 20.0% in the third quarter. Center Coast Capital Advisors LP now owns 3,658,630 shares of the company’s stock valued at $129,259,000 after buying an additional 609,511 shares during the last quarter. Harvest Fund Advisors LLC raised its position in shares of DCP Midstream Partners, by 2.7% in the second quarter. Harvest Fund Advisors LLC now owns 3,113,496 shares of the company’s stock valued at $107,384,000 after buying an additional 83,303 shares during the last quarter. Eagle Global Advisors LLC raised its position in shares of DCP Midstream Partners, by 4.5% in the second quarter. Eagle Global Advisors LLC now owns 3,100,030 shares of the company’s stock valued at $106,920,000 after buying an additional 134,052 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in shares of DCP Midstream Partners, by 0.5% in the second quarter. Janus Capital Management LLC now owns 2,709,225 shares of the company’s stock valued at $93,441,000 after buying an additional 12,688 shares during the last quarter.

DCP Midstream Partners, Company Profile

DCP Midstream Partners, LP is a limited partnership. The Company operates through three segments: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. Its Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

5 Day Chart for NYSE:DPM

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