The stock of DCP Midstream Partners, LP (NYSE:DPM) is a huge mover today! The stock decreased 2.58% or $0.89 on November 16, hitting $33.58. About 226,846 shares traded hands. DCP Midstream Partners, LP (NYSE:DPM) has risen 17.40% since April 14, 2016 and is uptrending. It has outperformed by 12.72% the S&P500.
The move comes after 5 months negative chart setup for the $4.10B company. It was reported on Nov, 16 by Barchart.com. We have $31.90 PT which if reached, will make NYSE:DPM worth $205.00M less.
DCP Midstream Partners, LP (NYSE:DPM) Ratings Coverage
Out of 13 analysts covering DCP Midstream Partners LP (NYSE:DPM), 3 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 23% are positive. DCP Midstream Partners LP has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Wells Fargo upgraded the shares of DPM in a report on Friday, January 15 to “Outperform” rating. The stock has “Neutral” rating given by Ladenburg Thalmann on Thursday, July 21. FBR Capital initiated DCP Midstream Partners, LP (NYSE:DPM) rating on Friday, September 9. FBR Capital has “Mkt Perform” rating and $33 price target. Jefferies downgraded it to “Hold” rating and $35 target price in Wednesday, June 8 report. The rating was upgraded by Wells Fargo on Monday, January 18 to “Outperform”. The stock has “Market Perform” rating given by Wells Fargo on Monday, May 9. On Tuesday, April 19 the stock rating was maintained by Citigroup with “Buy”. The stock of DCP Midstream Partners, LP (NYSE:DPM) has “Equal Weight” rating given on Tuesday, November 10 by Barclays Capital. The stock of DCP Midstream Partners, LP (NYSE:DPM) earned “Hold” rating by Stifel Nicolaus on Thursday, January 28. Wunderlich maintained DCP Midstream Partners, LP (NYSE:DPM) on Wednesday, August 31 with “Buy” rating.
According to Zacks Investment Research, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies.”
Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.11, from 0.87 in 2016Q1. The ratio increased, as 9 funds sold all DCP Midstream Partners, LP shares owned while 45 reduced positions. 19 funds bought stakes while 34 increased positions. They now own 75.59 million shares or 2.50% less from 77.53 million shares in 2016Q1.
The Illinois-based Guggenheim Limited Liability Corp has invested 0.02% in DCP Midstream Partners, LP (NYSE:DPM). Fiduciary Service Of The Southwest Incorporated Tx holds 0.31% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM) for 28,246 shares. Williams Jones And Assocs Ltd accumulated 0.15% or 96,755 shares. Moody Bank Tru Division last reported 0.03% of its portfolio in the stock. Janus Capital Management Ltd Co holds 0.08% or 2.71 million shares in its portfolio. Goldman Sachs Grp owns 8.12 million shares or 0.09% of their US portfolio. The New York-based Citigroup has invested 0.01% in DCP Midstream Partners, LP (NYSE:DPM). The New Jersey-based Landscape Capital Mgmt Ltd Liability Com has invested 0.07% in DCP Midstream Partners, LP (NYSE:DPM). Salient Capital Advisors Limited Liability Company holds 0.11% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM) for 142,699 shares. Manufacturers Life Insurance Communications The last reported 3,195 shares in the company. Lpl Finance Ltd Liability accumulated 0% or 6,433 shares. Spirit Of America accumulated 223,850 shares or 1.13% of the stock. Northern accumulated 0% or 174,713 shares. Finemark Fincl Bank And Trust holds 0.01% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM) for 2,704 shares. Parkside Commercial Bank accumulated 0.74% or 43,839 shares.
More notable recent DCP Midstream Partners, LP (NYSE:DPM) news were published by: Fool.com which released: “Growth Projects and Cost Savings Help DCP Midstream Partners, LP Overcome …” on November 03, 2016, also Fool.com with their article: “Expiring Hedges Hurt DCP Midstream Partners, LP’s Q2 Results” published on August 04, 2016, Globenewswire.com published: “DCP Midstream Partners Announces Quarterly Distribution” on October 27, 2016. More interesting news about DCP Midstream Partners, LP (NYSE:DPM) were released by: Fool.com and their article: “New Projects Fuel DCP Midstream Partners, LP Q1 Results” published on May 05, 2016 as well as Fool.com‘s news article titled: “DCP Midstream Partners, LP Earnings Hit a Record” with publication date: February 25, 2016.
DPM Company Profile
DCP Midstream Partners, LP, incorporated on August 5, 2005, is a limited partnership. The Firm is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics.
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