DCP Midstream Partners LP (DPM) : Spirit Of America Management Corpny scooped up 57,950 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 Oct 14, 2016. The investment management firm now holds a total of 281,800 shares of DCP Midstream Partners LP which is valued at $9,955,994.DCP Midstream Partners LP makes up approximately 1.32% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in DPM in the latest quarter, The investment management firm added 233,000 additional shares and now holds a total of 1,218,184 shares of DCP Midstream Partners LP which is valued at $43,038,441. DCP Midstream Partners LP makes up approx 0.62% of Duff Phelps Investment Management Co’s portfolio.Hollencrest Securities reduced its stake in DPM by selling 13,300 shares or 49.08% in the most recent quarter. The Hedge Fund company now holds 13,800 shares of DPM which is valued at $494,730. DCP Midstream Partners LP makes up approx 0.07% of Hollencrest Securities’s portfolio.Creative Planning boosted its stake in DPM in the latest quarter, The investment management firm added 2,294 additional shares and now holds a total of 19,938 shares of DCP Midstream Partners LP which is valued at $714,777.Bnp Paribas Arbitrage Sa reduced its stake in DPM by selling 119,130 shares or 10.53% in the most recent quarter. The Hedge Fund company now holds 1,011,730 shares of DPM which is valued at $35,258,791. DCP Midstream Partners LP makes up approx 0.14% of Bnp Paribas Arbitrage Sa’s portfolio.
DCP Midstream Partners LP closed down -0.23 points or -0.65% at $35.33 with 1,79,838 shares getting traded on Friday. Post opening the session at $35.7, the shares hit an intraday low of $34.86 and an intraday high of $35.842 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, DCP Midstream Partners LP reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.41. The company had revenue of $348.00 million for the quarter, compared to analysts expectations of $415.86 million. The company’s revenue was down -19.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on DCP Midstream Partners LP. FBR Capital Initiated DCP Midstream Partners LP on Sep 9, 2016 to “Mkt Perform”, Price Target of the shares are set at $33.Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .DCP Midstream Partners LP was Downgraded by Ladenburg Thalmann to ” Neutral” on Jul 21, 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.