Center Coast Capital Advisors Lp buys $96,908,295 stake in DCP Midstream Partners LP (DPM)

DCP Midstream Partners LP (DPM) : Center Coast Capital Advisors Lp scooped up 2,704,550 additional shares in DCP Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 3,018,950 shares of DCP Midstream Partners LP which is valued at $96,908,295.DCP Midstream Partners LP makes up approximately 2.94% of Center Coast Capital Advisors Lp’s portfolio.

DCP Midstream Partners LP opened for trading at $31.87 and hit $32.48 on the upside on Friday, eventually ending the session at $32.1, with a gain of 1.39% or 0.44 points. The heightened volatility saw the trading volume jump to 4,50,279 shares. Company has a market cap of $3,683 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in DPM during the most recent quarter. The investment firm sold 11,100 shares of DPM which is valued $356,310.Spirit Of America Management Corpny reduced its stake in DPM by selling 10,415 shares or 6.95% in the most recent quarter. The Hedge Fund company now holds 139,522 shares of DPM which is valued at $4,053,114. DCP Midstream Partners LP makes up approx 0.72% of Spirit Of America Management Corpny’s portfolio. Central Trust Co sold out all of its stake in DPM during the most recent quarter. The investment firm sold 604 shares of DPM which is valued $17,546.Mai Capital Management reduced its stake in DPM by selling 682 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 11,649 shares of DPM which is valued at $321,396. DCP Midstream Partners LP makes up approx 0.03% of Mai Capital Management’s portfolio.

On the company’s financial health, DCP Midstream Partners LP reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.71. The company had revenue of $435.00 million for the quarter, compared to analysts expectations of $626.27 million. The company’s revenue was down -50.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on DCP Midstream Partners LP. DCP Midstream Partners LP was Downgraded by Stifel to ” Hold” on Jan 28, 2016.

DCP Midstream Partners LP is a partnership formed by DCP Midstream LLC to own operate acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of 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. It operates in three business segments: Natural Gas Services which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics which owns and operates assets for its NGL Logistics business in Colorado Kansas Louisiana Michigan Oklahoma and Texas and Wholesale Propane Logistics which owns or operates assets for its wholesale propane logistics business in Maine Massachusetts New York Pennsylvania Rhode Island Vermont and Virginia.

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