DCP Midstream LP (DCP) Shares Sold by Creative Planning

Creative Planning decreased its holdings in shares of DCP Midstream LP (NYSE:DCP) by 39.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,385 shares of the pipeline company’s stock after selling 5,428 shares during the quarter. Creative Planning’s holdings in DCP Midstream were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of DCP Midstream by 5.9% during the second quarter. Alps Advisors Inc. now owns 7,510,182 shares of the pipeline company’s stock valued at $272,845,000 after buying an additional 420,636 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in shares of DCP Midstream by 4.9% during the second quarter. Eagle Global Advisors LLC now owns 2,421,827 shares of the pipeline company’s stock valued at $95,783,000 after buying an additional 112,929 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of DCP Midstream by 7.5% during the second quarter. Bank of America Corp DE now owns 2,006,274 shares of the pipeline company’s stock valued at $79,348,000 after buying an additional 140,184 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of DCP Midstream during the second quarter valued at $52,925,000. Finally, Global X Management Co LLC grew its holdings in shares of DCP Midstream by 10.6% during the second quarter. Global X Management Co LLC now owns 1,140,742 shares of the pipeline company’s stock valued at $45,116,000 after buying an additional 109,664 shares in the last quarter. Institutional investors and hedge funds own 55.17% of the company’s stock.

Shares of NYSE DCP opened at $40.06 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 0.67. DCP Midstream LP has a one year low of $32.33 and a one year high of $46.67. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 75.58 and a beta of 2.27.

DCP Midstream (NYSE:DCP) last issued its earnings results on Monday, November 5th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.23). DCP Midstream had a net margin of 2.76% and a return on equity of 4.15%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned ($0.41) EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities research analysts anticipate that DCP Midstream LP will post 1.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Friday, November 2nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $3.12 dividend on an annualized basis and a yield of 7.79%. DCP Midstream’s dividend payout ratio (DPR) is currently 588.68%.

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on DCP Midstream from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Bank of America set a $46.00 price target on DCP Midstream and gave the company a “buy” rating in a report on Wednesday. ValuEngine downgraded DCP Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research downgraded DCP Midstream from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, US Capital Advisors restated an “overweight” rating on shares of DCP Midstream in a research note on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.55.

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DCP Midstream 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, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.

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

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