LPL Financial LLC Raises Stock Position in DCP Midstream, LP (NYSE:DCP)

LPL Financial LLC lifted its stake in shares of DCP Midstream, LP (NYSE:DCP – Get Rating) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,895 shares of the pipeline company’s stock after buying an additional 5,912 shares during the quarter. LPL Financial LLC’s holdings in DCP Midstream were worth $1,780,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of DCP Midstream by 0.7% during the 1st quarter. Royal Bank of Canada now owns 77,192 shares of the pipeline company’s stock worth $2,591,000 after buying an additional 512 shares during the last quarter. IFP Advisors Inc raised its position in DCP Midstream by 15.1% in the 4th quarter. IFP Advisors Inc now owns 4,853 shares of the pipeline company’s stock valued at $204,000 after purchasing an additional 636 shares during the last quarter. Evergreen Capital Management LLC raised its position in DCP Midstream by 3.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 19,817 shares of the pipeline company’s stock valued at $745,000 after purchasing an additional 735 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in DCP Midstream in the 4th quarter valued at $29,000. Finally, HighTower Advisors LLC raised its position in DCP Midstream by 4.6% in the 1st quarter. HighTower Advisors LLC now owns 19,716 shares of the pipeline company’s stock valued at $662,000 after purchasing an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 35.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DCP shares. US Capital Advisors downgraded shares of DCP Midstream from an “overweight” rating to a “hold” rating in a research report on Tuesday, January 31st. StockNews.com started coverage on shares of DCP Midstream in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, DCP Midstream currently has a consensus rating of “Hold” and an average target price of $40.80.

DCP Midstream Stock Performance

NYSE:DCP opened at $41.59 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. DCP Midstream, LP has a fifty-two week low of $26.44 and a fifty-two week high of $42.15. The stock has a market cap of $8.68 billion, a PE ratio of 7.72 and a beta of 2.40. The firm’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $40.80.

DCP Midstream (NYSE:DCP – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. DCP Midstream had a net margin of 8.25% and a return on equity of 20.86%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. Analysts expect that DCP Midstream, LP will post 4.39 earnings per share for the current fiscal year.

DCP Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.43 dividend. The ex-dividend date was Friday, April 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. DCP Midstream’s payout ratio is 31.91%.

About DCP Midstream

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DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing, and selling natural gas. It operates through the Logistics and Marketing and Gathering and Processing segments. The Logistics and Marketing segment includes transporting, trading, marketing, and storing natural gas and NGLs and fractionating NGLs.