Cambridge Investment Research Advisors Inc. Buys 1,351 Shares of DCP Midstream, LP (NYSE:DCP)

Cambridge Investment Research Advisors Inc. increased its stake in DCP Midstream, LP (NYSE:DCP – Get Rating) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,225 shares of the pipeline company’s stock after acquiring an additional 1,351 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in DCP Midstream were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DCP. Invesco Ltd. lifted its stake in shares of DCP Midstream by 1,475.1% in the 1st quarter. Invesco Ltd. now owns 1,512,263 shares of the pipeline company’s stock valued at $50,752,000 after acquiring an additional 1,416,254 shares during the last quarter. Bank of America Corp DE raised its position in DCP Midstream by 181.5% during the 1st quarter. Bank of America Corp DE now owns 927,060 shares of the pipeline company’s stock valued at $31,112,000 after purchasing an additional 597,753 shares during the last quarter. Natixis raised its position in DCP Midstream by 209.3% during the 2nd quarter. Natixis now owns 675,200 shares of the pipeline company’s stock valued at $19,972,000 after purchasing an additional 456,900 shares during the last quarter. UBS Group AG raised its position in DCP Midstream by 23.5% during the 2nd quarter. UBS Group AG now owns 1,611,273 shares of the pipeline company’s stock valued at $47,661,000 after purchasing an additional 306,666 shares during the last quarter. Finally, ING Groep NV bought a new position in DCP Midstream during the 1st quarter valued at approximately $8,098,000. Institutional investors own 35.49% of the company’s stock.

DCP Midstream Stock Performance

DCP Midstream stock opened at $41.98 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $8.75 billion, a P/E ratio of 8.35 and a beta of 2.45. The stock’s 50 day moving average is $39.10 and its 200 day moving average is $36.86. DCP Midstream, LP has a twelve month low of $25.79 and a twelve month high of $42.15.

DCP Midstream (NYSE:DCP – Get Rating) last issued its 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 return on equity of 20.94% and a net margin of 7.16%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.94 billion. On average, equities research analysts predict that DCP Midstream, LP will post 4.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company lowered DCP Midstream from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $45.00 to $39.00 in a research report on Friday, November 11th. Raymond James downgraded DCP Midstream from a “strong-buy” rating to a “market perform” rating in a report on Monday. StockNews.com downgraded DCP Midstream from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. Mizuho downgraded DCP Midstream from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $42.00 in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded DCP Midstream from an “overweight” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Wednesday, November 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.71.

DCP Midstream Company 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.