DCP Midstream, LP (NYSE:DCP) Given Consensus Recommendation of “Hold” by Brokerages

DCP Midstream, LP (NYSE:DCP – Get Rating) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.80.

Several research firms have issued reports on DCP. US Capital Advisors cut shares of DCP Midstream from an “overweight” rating to a “hold” rating in a research note on Tuesday, January 31st. StockNews.com cut shares of DCP Midstream from a “buy” rating to a “hold” rating in a research note on Friday, May 5th.

Institutional Trading of DCP Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in DCP Midstream by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 21,966 shares of the pipeline company’s stock valued at $852,000 after purchasing an additional 314 shares during the last quarter. Royal Bank of Canada grew its stake in DCP Midstream by 0.7% in the first quarter. Royal Bank of Canada now owns 77,192 shares of the pipeline company’s stock valued at $2,591,000 after purchasing an additional 512 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in DCP Midstream by 6.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,055 shares of the pipeline company’s stock valued at $419,000 after purchasing an additional 600 shares during the last quarter. IFP Advisors Inc grew its stake in DCP Midstream by 15.1% in the fourth 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. Finally, Evergreen Capital Management LLC grew its stake in DCP Midstream by 3.9% in the third 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. 35.49% of the stock is currently owned by institutional investors.

DCP Midstream Stock Up 0.0 %

Shares of DCP Midstream stock opened at $41.50 on Friday. The company’s fifty day simple moving average is $41.70 and its two-hundred day simple moving average is $40.67. The company has a market cap of $8.66 billion, a P/E ratio of 7.70 and a beta of 2.40. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 0.75. DCP Midstream has a 12-month low of $26.44 and a 12-month high of $42.15.

DCP Midstream (NYSE:DCP – Get Rating) last released its 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. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.60 billion. DCP Midstream had a net margin of 8.25% and a return on equity of 21.13%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. Research analysts anticipate that DCP Midstream will post 4.39 EPS for the current year.

DCP Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. DCP Midstream’s dividend payout ratio is presently 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.