Raymond James Financial Services Advisors Inc. Boosts Stock Holdings in DCP Midstream, LP (NYSE:DCP)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of DCP Midstream, LP (NYSE:DCPGet Rating) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,794 shares of the pipeline company’s stock after acquiring an additional 1,538 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in DCP Midstream were worth $4,050,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DCP. SeaCrest Wealth Management LLC purchased a new position in DCP Midstream during the second quarter valued at $44,000. Loomis Sayles & Co. L P purchased a new position in DCP Midstream during the first quarter valued at $48,000. Lindbrook Capital LLC purchased a new position in DCP Midstream during the second quarter valued at $205,000. Advisor Resource Council bought a new position in DCP Midstream during the second quarter valued at $208,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in DCP Midstream during the second quarter valued at $233,000. 35.49% of the stock is owned by hedge funds and other institutional investors.

DCP Midstream Price Performance

DCP Midstream stock opened at $41.98 on Friday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 8.35 and a beta of 2.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.82 and a quick ratio of 0.81. DCP Midstream, LP has a 1 year low of $25.79 and a 1 year high of $42.15. The firm has a 50-day moving average of $39.10 and a two-hundred day moving average of $36.86.

DCP Midstream (NYSE:DCPGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The pipeline company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.05 by $0.45. DCP Midstream had a net margin of 7.16% and a return on equity of 20.94%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.94 billion. On average, research analysts forecast that DCP Midstream, LP will post 4.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DCP has been the subject of several research reports. Wells Fargo & Company lowered shares of DCP Midstream from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $45.00 to $39.00 in a research report on Friday, November 11th. Mizuho lowered shares of DCP Midstream from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $42.00 in a research report on Thursday. StockNews.com lowered shares of DCP Midstream from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. lowered shares of DCP Midstream from an “overweight” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Wednesday, November 2nd. Finally, Raymond James cut shares of DCP Midstream from a “strong-buy” rating to a “market perform” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.71.

DCP Midstream Profile

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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 through 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); and fractionating NGLs.

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

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