DCP Midstream Partners, LP (DCP) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of DCP Midstream Partners, LP (NYSE:DCP) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a $40.00 target price on the pipeline company’s stock, up from their prior target price of $39.00.

Several other equities research analysts have also commented on DCP. Zacks Investment Research lowered shares of DCP Midstream Partners, from a hold rating to a sell rating in a report on Tuesday, July 18th. Royal Bank Of Canada lowered their price target on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a sector perform rating on the stock in a report on Wednesday, August 2nd. Credit Suisse Group lowered their price target on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a neutral rating on the stock in a report on Tuesday, August 8th. Barclays PLC lowered their price target 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. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $33.00 price target (down from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $38.73.

DCP Midstream Partners, (NYSE:DCP) traded down $0.65 during midday trading on Thursday, hitting $34.33. The company had a trading volume of 135,200 shares, compared to its average volume of 375,930. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.73. DCP Midstream Partners, has a 52-week low of $29.70 and a 52-week high of $42.45. The firm has a market cap of $4,920.00, a P/E ratio of 38.57 and a beta of 2.09.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be issued a $0.78 dividend. The ex-dividend date is Monday, November 6th. This represents a $3.12 dividend on an annualized basis and a yield of 9.09%. DCP Midstream Partners,’s payout ratio is 439.44%.

Hedge funds have recently added to or reduced their stakes in the business. Phillips Financial Management LLC acquired a new stake in DCP Midstream Partners, in the 2nd quarter valued at about $370,000. Evergreen Capital Management LLC acquired a new stake in shares of DCP Midstream Partners, during the 2nd quarter worth approximately $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DCP Midstream Partners, during the 2nd quarter worth approximately $22,751,000. California Public Employees Retirement System acquired a new stake in shares of DCP Midstream Partners, during the 2nd quarter worth approximately $4,202,000. Finally, CNH Partners LLC acquired a new stake in shares of DCP Midstream Partners, during the 2nd quarter worth approximately $698,000. Institutional investors own 55.92% of the company’s stock.

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.

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

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