Van ECK Associates Corp lessened its holdings in DCP Midstream Partners, LP (NYSE:DCP) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,050 shares of the pipeline company’s stock after selling 4,275 shares during the period. Van ECK Associates Corp’s holdings in DCP Midstream Partners were worth $1,145,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Phillips Financial Management LLC purchased a new position in DCP Midstream Partners in the 2nd quarter valued at approximately $370,000. Evergreen Capital Management LLC purchased a new position in DCP Midstream Partners in the 2nd quarter valued at approximately $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in DCP Midstream Partners in the 2nd quarter valued at approximately $22,751,000. California Public Employees Retirement System purchased a new position in DCP Midstream Partners in the 2nd quarter valued at approximately $4,202,000. Finally, CNH Partners LLC acquired a new stake in shares of DCP Midstream Partners in the 2nd quarter valued at $698,000. 54.89% of the stock is owned by institutional investors.

In related news, CEO Kempen Wouter T. Van purchased 750 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $750,000.00. Following the purchase, the chief executive officer now directly owns 750 shares of the company’s stock, valued at $750,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brent L. Backes purchased 150 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $1,000.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the vice president now directly owns 150 shares in the company, valued at $150,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 950 shares of company stock worth $950,000 over the last quarter. 0.04% of the stock is owned by company insiders.

Shares of DCP Midstream Partners, LP (DCP) opened at $35.30 on Friday. DCP Midstream Partners, LP has a fifty-two week low of $29.70 and a fifty-two week high of $42.45. The firm has a market cap of $5,035.91, a price-to-earnings ratio of 39.48 and a beta of 2.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.12 annualized dividend and a yield of 8.84%. DCP Midstream Partners’s dividend payout ratio is currently 439.44%.

DCP has been the topic of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $40.00 price objective (up from $39.00) on shares of DCP Midstream Partners in a report on Thursday, November 9th. R. F. Lafferty initiated coverage on shares of DCP Midstream Partners in a report on Thursday, October 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Barclays reduced their price objective on shares of DCP Midstream Partners from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Jefferies Group restated a “hold” rating and issued a $33.00 price objective (down from $35.00) on shares of DCP Midstream Partners in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of DCP Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.73.

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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.

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

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