Salem Investment Counselors Inc. purchased a new stake in shares of DCP Midstream Partners, LP (NYSE:DCP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,000 shares of the pipeline company’s stock, valued at approximately $135,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Albert D Mason Inc. purchased a new stake in DCP Midstream Partners, during the second quarter valued at about $762,000. ING Groep NV purchased a new position in shares of DCP Midstream Partners, in the second quarter worth about $3,379,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of DCP Midstream Partners, in the second quarter worth about $3,147,000. Janney Montgomery Scott LLC purchased a new position in shares of DCP Midstream Partners, in the second quarter worth about $758,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of DCP Midstream Partners, in the second quarter worth about $106,820,000. Institutional investors and hedge funds own 55.13% of the company’s stock.

DCP Midstream Partners, LP (NYSE DCP) traded down 0.46% on Wednesday, reaching $34.32. The company’s stock had a trading volume of 5,961 shares. DCP Midstream Partners, LP has a one year low of $29.70 and a one year high of $42.45. The company has a market capitalization of $4.92 billion, a PE ratio of 18.52 and a beta of 2.10. The firm has a 50-day moving average of $32.19 and a 200-day moving average of $34.57.

DCP Midstream Partners, (NYSE:DCP) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. DCP Midstream Partners,’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that DCP Midstream Partners, LP will post $1.29 EPS for the current year.

Several brokerages recently weighed in on DCP. Royal Bank Of Canada restated a “sector perform” rating and set a $37.00 target price (down from $40.00) on shares of DCP Midstream Partners, in a report on Tuesday, August 8th. Credit Suisse Group reduced their price target on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 8th. Barclays PLC decreased their price target on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Zacks Investment Research cut DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective (down previously from $35.00) on shares of DCP Midstream Partners, in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.36.

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DCP Midstream Partners, Company Profile

DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.

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

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