Balyasny Asset Management LLC bought a new position in shares of DCP Midstream Partners, LP (NYSE:DCP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 146,151 shares of the pipeline company’s stock, valued at approximately $4,944,000. Balyasny Asset Management LLC owned approximately 0.10% of DCP Midstream Partners, as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DCP. Kayne Anderson Capital Advisors LP acquired a new stake in DCP Midstream Partners, during the second quarter worth about $239,264,000. Alps Advisors Inc. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $223,169,000. Tortoise Capital Advisors L.L.C. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $126,078,000. Center Coast Capital Advisors LP acquired a new stake in DCP Midstream Partners, during the second quarter worth about $113,213,000. Finally, First Eagle Investment Management LLC acquired a new stake in DCP Midstream Partners, during the second quarter worth about $107,928,000. 55.13% of the stock is currently owned by institutional investors and hedge funds.

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Shares of DCP Midstream Partners, LP (DCP) opened at 35.17 on Monday. DCP Midstream Partners, LP has a 12-month low of $29.70 and a 12-month high of $42.45. The firm has a market capitalization of $5.04 billion, a P/E ratio of 18.98 and a beta of 2.10. The firm’s 50-day moving average price is $32.58 and its 200-day moving average price is $34.55.

DCP Midstream Partners, (NYSE:DCP) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.60 billion. The company’s revenue was up 20.1% on a year-over-year basis. Equities analysts predict that DCP Midstream Partners, LP will post $1.29 earnings per share for the current fiscal year.

A number of research firms recently weighed in on DCP. Royal Bank Of Canada reissued a “sector perform” rating and set a $37.00 target price (down from $40.00) on shares of DCP Midstream Partners, in a research report on Tuesday, August 8th. R. F. Lafferty began coverage on DCP Midstream Partners, in a research report on Thursday. They set a “buy” rating and a $38.00 target price on the stock. Barclays PLC decreased their target price on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Credit Suisse Group decreased their target price on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. DCP Midstream Partners, presently has an average rating of “Hold” and a consensus target price of $39.36.

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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