DCP Midstream Partners LP (DPM) : Parkside Financial Bank Trust reduced its stake in DCP Midstream Partners LP by 3.01% during the most recent quarter end. The investment management company now holds a total of 43,839 shares of DCP Midstream Partners LP which is valued at $1,458,524 after selling 1,360 shares in DCP Midstream Partners LP , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.DCP Midstream Partners LP makes up approximately 0.70% of Parkside Financial Bank Trust’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in DPM during the most recent quarter. The investment firm sold 1,001 shares of DPM which is valued $33,303.Agf Investments reduced its stake in DPM by selling 145 shares or 30.79% in the most recent quarter. The Hedge Fund company now holds 326 shares of DPM which is valued at $10,846.Conning reduced its stake in DPM by selling 3,807 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 60,059 shares of DPM which is valued at $1,972,938. DCP Midstream Partners LP makes up approx 0.08% of Conning’s portfolio. Fox Run Management L.l.c. added DPM to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $357,035. DCP Midstream Partners LP makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio.
DCP Midstream Partners LP opened for trading at $33.73 and hit $35.49 on the upside on Monday, eventually ending the session at $34.29, with a gain of 1.57% or 0.53 points. The heightened volatility saw the trading volume jump to 4,27,466 shares. Company has a market cap of $3,935 M.
On the company’s financial health, DCP Midstream Partners LP reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.41. The company had revenue of $348.00 million for the quarter, compared to analysts expectations of $415.86 million. The company’s revenue was down -19.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on DCP Midstream Partners LP. DCP Midstream Partners LP was Downgraded by Ladenburg Thalmann to ” Neutral” on Jul 21, 2016. DCP Midstream Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $26 .
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. It operates in three business segments: Natural Gas Services which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics which owns and operates assets for its NGL Logistics business in Colorado Kansas Louisiana Michigan Oklahoma and Texas and Wholesale Propane Logistics which owns or operates assets for its wholesale propane logistics business in Maine Massachusetts New York Pennsylvania Rhode Island Vermont and Virginia.