Parkside Financial Bank & Trust cut its holdings in DCP Midstream LP (NYSE:DCP) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,052 shares of the pipeline company’s stock after selling 1,992 shares during the quarter. Parkside Financial Bank & Trust’s holdings in DCP Midstream were worth $529,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC increased its stake in DCP Midstream by 6.4% in the first quarter. Ballentine Partners LLC now owns 26,572 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 1,610 shares during the period. BNP Paribas Arbitrage SA acquired a new position in DCP Midstream in the first quarter valued at $1,873,000. Raymond James Financial Services Advisors Inc. increased its stake in DCP Midstream by 37.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 79,119 shares of the pipeline company’s stock valued at $2,615,000 after purchasing an additional 21,429 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in DCP Midstream by 46.8% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 4,054,364 shares of the pipeline company’s stock valued at $133,997,000 after purchasing an additional 1,293,041 shares during the period. Finally, Securian Asset Management Inc acquired a new position in DCP Midstream in the first quarter valued at $2,219,000. Institutional investors own 56.30% of the company’s stock.

In other DCP Midstream news, Director Fred J. Fowler purchased 6,000 shares of DCP Midstream stock in a transaction on Friday, August 9th. The shares were bought at an average price of $24.72 per share, with a total value of $148,320.00. Following the completion of the acquisition, the director now directly owns 32,800 shares of the company’s stock, valued at $810,816. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.04% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on DCP. Citigroup set a $31.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Friday, July 19th. Credit Suisse Group dropped their price target on shares of DCP Midstream from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Royal Bank of Canada set a $26.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, ValuEngine lowered shares of DCP Midstream from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.50.

DCP stock traded down $0.16 during trading on Thursday, reaching $25.39. 3,354 shares of the company were exchanged, compared to its average volume of 782,104. The company has a market cap of $3.67 billion, a P/E ratio of 16.60, a PEG ratio of 10.31 and a beta of 2.08. DCP Midstream LP has a 52-week low of $24.05 and a 52-week high of $43.84. The stock’s 50 day moving average price is $28.37 and its 200 day moving average price is $30.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 0.46.

DCP Midstream (NYSE:DCP) last released its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.53 billion. DCP Midstream had a net margin of 3.94% and a return on equity of 7.72%. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, equities research analysts forecast that DCP Midstream LP will post 1.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 2nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date was Thursday, August 1st. DCP Midstream’s dividend payout ratio is currently 202.60%.

DCP Midstream Profile

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, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.

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

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