Shares of DCP Midstream Partners, LP (NYSE:DPM) gapped up prior to trading on Friday . The stock had previously closed at $34.05, but opened at $34.12. DCP Midstream Partners, shares last traded at $34.30, with a volume of 89,308 shares traded.

A number of analysts recently commented on the stock. Jefferies Group downgraded shares of DCP Midstream Partners, from a “buy” rating to a “hold” rating and boosted their target price for the stock from $32.00 to $35.00 in a report on Wednesday, June 8th. Wells Fargo & Co. lowered shares of DCP Midstream Partners, from an “outperform” rating to a “market perform” rating in a report on Monday, May 9th. Ladenburg Thalmann lowered shares of DCP Midstream Partners, from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Thursday, July 21st. Zacks Investment Research upgraded shares of DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, July 6th. Finally, US Capital Advisors lowered shares of DCP Midstream Partners, from an “overweight” rating to a “hold” rating in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.10.

The company has a market cap of $3.92 billion and a PE ratio of 25.43. The firm’s 50-day moving average is $34.19 and its 200-day moving average is $29.34.

DCP Midstream Partners, (NYSE:DPM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.28. The business had revenue of $348 million for the quarter, compared to analysts’ expectations of $385.48 million. During the same period last year, the business posted $0.62 earnings per share. DCP Midstream Partners,’s revenue for the quarter was down 19.1% on a year-over-year basis. Equities research analysts expect that DCP Midstream Partners, LP will post $1.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $3.12 dividend on an annualized basis and a yield of 9.14%.

An institutional investor recently raised its position in DCP Midstream Partners, stock. Kayne Anderson Capital Advisors LP increased its position in DCP Midstream Partners, LP (NYSE:DPM) by 4.3% during the fourth quarter, according to its most recent Form 13F filing 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, comprises 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 at the end of the most recent quarter.

DCP Midstream Partners, LP is a limited partnership. The Company operates through three segments: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. Its Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

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