Duff & Phelps Investment Management Co. acquired a new stake in DCP Midstream Partners, LP (NYSE:DCP) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,273,184 shares of the pipeline company’s stock, valued at approximately $43,072,000.

Other large investors have also added to or reduced their stakes in the company. Eagle Global Advisors LLC acquired a new stake in DCP Midstream Partners, during the second quarter valued at approximately $106,820,000. Municipal Employees Retirement System of Michigan acquired a new stake in DCP Midstream Partners, during the second quarter valued at approximately $3,147,000. ING Groep NV acquired a new stake in DCP Midstream Partners, during the second quarter valued at approximately $3,379,000. Center Coast Capital Advisors LP acquired a new stake in DCP Midstream Partners, during the second quarter valued at approximately $113,213,000. Finally, Lee Financial Co acquired a new stake in DCP Midstream Partners, during the second quarter valued at approximately $290,000. Institutional investors own 56.43% of the company’s stock.

Shares of DCP Midstream Partners, LP (DCP) opened at 31.33 on Friday. DCP Midstream Partners, LP has a 1-year low of $29.70 and a 1-year high of $42.45. The firm’s 50 day moving average price is $33.79 and its 200-day moving average price is $36.46. The company has a market capitalization of $4.49 billion, a P/E ratio of 16.91 and a beta of 2.10.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. DCP Midstream Partners, had a return on equity of 6.71% and a net margin of 7.93%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners,’s revenue was up 20.1% on a year-over-year basis. Analysts expect that DCP Midstream Partners, LP will post $1.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 8th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 9.96%. The ex-dividend date is Friday, August 4th. DCP Midstream Partners,’s payout ratio is 164.21%.

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DCP has been the subject of several research analyst reports. Zacks Investment Research downgraded DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 18th. US Capital Advisors upgraded DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a report on Wednesday, May 24th. Royal Bank Of Canada reduced their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating for the company in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reduced their price objective on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.90.

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

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