Solaris Asset Management LLC purchased a new stake in DCP Midstream Partners, LP (NYSE:DCP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,150 shares of the pipeline company’s stock, valued at approximately $140,000.

Other hedge funds also recently bought and sold shares of the company. Global X Management Co. LLC acquired a new position in DCP Midstream Partners, during the second quarter worth approximately $19,162,000. Tortoise Capital Advisors L.L.C. acquired a new position in DCP Midstream Partners, during the second quarter worth approximately $126,078,000. Sei Investments Co. acquired a new position in DCP Midstream Partners, during the second quarter worth approximately $179,000. Center Coast Capital Advisors LP acquired a new position in DCP Midstream Partners, during the second quarter worth approximately $113,213,000. Finally, Lee Financial Co acquired a new position in DCP Midstream Partners, during the second quarter worth approximately $290,000. Institutional investors own 56.43% of the company’s stock.

DCP Midstream Partners, LP (DCP) opened at 31.95 on Thursday. The company has a market capitalization of $4.58 billion, a P/E ratio of 18.95 and a beta of 2.10. DCP Midstream Partners, LP has a one year low of $29.70 and a one year high of $42.45. The company’s 50-day moving average is $33.72 and its 200 day moving average is $36.54.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 7.91%. The firm’s revenue was up 20.1% compared to the same quarter last year. Analysts predict that DCP Midstream Partners, LP will post $1.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 4th. This represents a $3.12 dividend on an annualized basis and a yield of 9.77%. DCP Midstream Partners,’s payout ratio is 164.21%.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 18th. US Capital Advisors raised shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a report on Wednesday, May 24th. Royal Bank Of Canada reduced their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating for the company in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reduced their price objective on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.90.

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.

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

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