DCP Midstream Partners, LP (NYSE:DPM) shares rose 4.3% on Monday . The company traded as high as $35.49 and last traded at $35.21, with a volume of 199,064 shares traded. The stock had previously closed at $33.76.

DPM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Monday, May 2nd. Citigroup Inc. upped their price objective on shares of DCP Midstream Partners, from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 19th. Bank of America Corp. upped their price objective on shares of DCP Midstream Partners, from $25.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, June 21st. Jefferies Group downgraded shares of DCP Midstream Partners, from a “buy” rating to a “hold” rating and upped their price objective for the stock from $32.00 to $35.00 in a research report on Wednesday, June 8th. Finally, US Capital Advisors downgraded shares of DCP Midstream Partners, from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. DCP Midstream Partners, presently has a consensus rating of “Hold” and an average target price of $32.10.

The firm’s 50-day moving average is $34.32 and its 200-day moving average is $28.72. The stock has a market cap of $3.93 billion and a P/E ratio of 25.53.

DCP Midstream Partners, (NYSE:DPM) last released its earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.28. During the same period in the previous year, the business earned $0.62 EPS. The firm had revenue of $348 million for the quarter, compared to the consensus estimate of $385.48 million. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. Equities research analysts predict that DCP Midstream Partners, LP will post $1.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend is Wednesday, August 3rd.

An institutional investor recently raised its position in DCP Midstream Partners, stock. Kayne Anderson Capital Advisors LP increased its stake in shares of DCP Midstream Partners, LP (NYSE:DPM) by 4.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,556,316 shares of the company’s stock after buying an additional 515,536 shares during the period. DCP Midstream Partners, accounts for 3.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 9th largest position. Kayne Anderson Capital Advisors LP owned 10.94% of DCP Midstream Partners, worth $309,747,000 as of its most recent SEC filing.

DCP Midstream Partners, LP is a partnership formed by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets.

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