Jane Street Group LLC Buys Shares of 8,509 DCP Midstream Partners (DCP)

Jane Street Group LLC bought a new position in DCP Midstream Partners (NYSE:DCP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,509 shares of the pipeline company’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of DCP Midstream Partners by 4.5% in the fourth quarter. California Public Employees Retirement System now owns 119,400 shares of the pipeline company’s stock worth $4,338,000 after acquiring an additional 5,100 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of DCP Midstream Partners in the third quarter worth approximately $1,030,000. Atlantic Trust Group LLC boosted its position in shares of DCP Midstream Partners by 53.6% in the third quarter. Atlantic Trust Group LLC now owns 517,903 shares of the pipeline company’s stock worth $17,940,000 after acquiring an additional 180,761 shares during the last quarter. Virtu Financial LLC boosted its position in shares of DCP Midstream Partners by 95.0% in the fourth quarter. Virtu Financial LLC now owns 32,281 shares of the pipeline company’s stock worth $1,173,000 after acquiring an additional 15,725 shares during the last quarter. Finally, Abbot Financial Management Inc. acquired a new stake in shares of DCP Midstream Partners in the fourth quarter worth approximately $216,000. 56.59% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms recently issued reports on DCP. Bank of America cut shares of DCP Midstream Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $41.99 to $40.00 in a research report on Tuesday, January 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 target price (up from $39.00) on shares of DCP Midstream Partners in a research report on Friday, January 12th. Goldman Sachs upgraded shares of DCP Midstream Partners from a “sell” rating to a “neutral” rating and set a $48.00 price target on the stock in a report on Thursday, February 1st. Credit Suisse Group began coverage on shares of DCP Midstream Partners in a report on Thursday, January 4th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Zacks Investment Research lowered shares of DCP Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. DCP Midstream Partners currently has an average rating of “Hold” and a consensus target price of $39.64.

NYSE DCP opened at $35.53 on Monday. DCP Midstream Partners has a one year low of $29.70 and a one year high of $42.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.84 and a current ratio of 0.89. The company has a market capitalization of $5,176.35, a P/E ratio of 67.04 and a beta of 2.09.

DCP Midstream Partners (NYSE:DCP) last posted its quarterly earnings results on Tuesday, February 13th. The pipeline company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.19). DCP Midstream Partners had a net margin of 2.71% and a return on equity of 3.59%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $3.27 billion. equities research analysts predict that DCP Midstream Partners will post 1.37 EPS for the current year.

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About DCP Midstream Partners

DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.

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

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