Lavaca Capital LLC Purchases 1,600 Shares of DCP Midstream LP (DCP)
Lavaca Capital LLC boosted its position in DCP Midstream LP (NYSE:DCP) by 18.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,300 shares of the pipeline company’s stock after acquiring an additional 1,600 shares during the period. Lavaca Capital LLC’s holdings in DCP Midstream were worth $340,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in DCP. Bessemer Group Inc. purchased a new stake in shares of DCP Midstream in the fourth quarter worth approximately $29,000. Penserra Capital Management LLC purchased a new stake in shares of DCP Midstream during the fourth quarter valued at approximately $173,000. GAM Holding AG purchased a new stake in shares of DCP Midstream during the third quarter valued at approximately $331,000. Creative Planning increased its position in shares of DCP Midstream by 4.3% during the fourth quarter. Creative Planning now owns 8,745 shares of the pipeline company’s stock valued at $232,000 after acquiring an additional 360 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of DCP Midstream by 132.2% during the third quarter. Advisors Asset Management Inc. now owns 12,436 shares of the pipeline company’s stock valued at $492,000 after acquiring an additional 7,080 shares during the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.
A number of analysts recently commented on DCP shares. Zacks Investment Research raised DCP Midstream from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 14th. Evercore ISI initiated coverage on DCP Midstream in a research report on Tuesday, February 5th. They issued a $34.00 target price for the company. Jefferies Financial Group downgraded DCP Midstream from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Barclays raised DCP Midstream from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $41.00 to $33.00 in a research report on Wednesday, January 16th. Finally, ValuEngine raised DCP Midstream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.67.
DCP Midstream (NYSE:DCP) last posted its quarterly earnings results on Monday, February 11th. The pipeline company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.70. DCP Midstream had a return on equity of 6.47% and a net margin of 3.03%. The firm had revenue of $2.61 billion during the quarter. Sell-side analysts expect that DCP Midstream LP will post 1.63 earnings per share for the current fiscal year.
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DCP Midstream Company 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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