Wambolt & Associates LLC boosted its holdings in DCP Midstream LP (NYSE:DCP) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,118 shares of the pipeline company’s stock after purchasing an additional 609 shares during the quarter. DCP Midstream makes up about 1.3% of Wambolt & Associates LLC’s investment portfolio, making the stock its 20th largest holding. Wambolt & Associates LLC’s holdings in DCP Midstream were worth $1,455,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in DCP Midstream in the fourth quarter worth $29,000. Penserra Capital Management LLC bought a new stake in shares of DCP Midstream during the fourth quarter valued at about $173,000. GAM Holding AG bought a new stake in shares of DCP Midstream during the third quarter valued at about $331,000. Lavaca Capital LLC bought a new stake in shares of DCP Midstream during the fourth quarter valued at about $230,000. Finally, Creative Planning raised its stake 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 purchasing an additional 360 shares in the last quarter. 56.01% of the stock is owned by hedge funds and other institutional investors.

DCP has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of DCP Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Raymond James set a $35.00 price objective on shares of DCP Midstream and gave the company a “buy” rating in a research note on Thursday, February 14th. Barclays upgraded shares of DCP Midstream from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $41.00 to $33.00 in a research note on Wednesday, January 16th. ValuEngine upgraded shares of DCP Midstream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Zacks Investment Research cut shares of DCP Midstream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.67.

DCP Midstream stock traded up $0.40 during midday trading on Thursday, hitting $33.15. The company’s stock had a trading volume of 384,791 shares, compared to its average volume of 640,302. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. DCP Midstream LP has a 12 month low of $24.18 and a 12 month high of $46.67. The stock has a market cap of $4.70 billion, a PE ratio of 21.53 and a beta of 2.49.

DCP Midstream (NYSE:DCP) last issued its quarterly earnings results on Monday, February 11th. The pipeline company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. DCP Midstream had a net margin of 3.03% and a return on equity of 6.47%. The firm had revenue of $2.61 billion for the quarter. On average, equities analysts predict that DCP Midstream LP will post 1.63 EPS 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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Institutional Ownership by Quarter for DCP Midstream (NYSE:DCP)

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