Spirit of America Management Corp NY bought a new stake in shares of DCP Midstream Partners, LP (NYSE:DCP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 332,650 shares of the pipeline company’s stock, valued at approximately $11,523,000. DCP Midstream Partners, makes up about 1.2% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 27th largest holding. Spirit of America Management Corp NY owned approximately 0.23% of DCP Midstream Partners, as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DCP. Advisory Research Inc. bought a new stake in DCP Midstream Partners, during the second quarter worth about $347,051,000. Goldman Sachs Group Inc. bought a new stake in DCP Midstream Partners, during the second quarter worth about $246,698,000. Kayne Anderson Capital Advisors LP bought a new stake in DCP Midstream Partners, during the second quarter worth about $239,264,000. Alps Advisors Inc. bought a new stake in DCP Midstream Partners, during the second quarter worth about $223,169,000. Finally, Tortoise Capital Advisors L.L.C. bought a new stake in DCP Midstream Partners, during the second quarter worth about $126,078,000. 55.13% of the stock is currently owned by hedge funds and other institutional investors.

DCP has been the topic of several research reports. Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective (down previously from $35.00) on shares of DCP Midstream Partners, in a research note on Friday, September 1st. Zacks Investment Research lowered shares of DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. R. F. Lafferty initiated coverage on shares of DCP Midstream Partners, in a research note on Thursday, October 5th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 2nd. Finally, Barclays PLC dropped their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.36.

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Shares of DCP Midstream Partners, LP (NYSE DCP) traded down 0.18% on Monday, hitting $33.75. 26,534 shares of the stock traded hands. DCP Midstream Partners, LP has a 52-week low of $29.70 and a 52-week high of $42.45. The stock’s 50 day moving average price is $33.79 and its 200 day moving average price is $34.33. The stock has a market cap of $4.84 billion, a P/E ratio of 18.21 and a beta of 2.10.

DCP Midstream Partners, (NYSE:DCP) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.60 billion. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts expect that DCP Midstream Partners, LP will post $1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Monday, November 6th. DCP Midstream Partners,’s dividend payout ratio is currently 164.21%.

DCP Midstream Partners, 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.

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

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