The Bokf Na Has $1,104,000 Stake in Dcp Midstream (DPM)

The Bokf Na Has $1,104,000 Stake in Dcp Midstream (DPM)

Bokf Na raised its position in Dcp Midstream (NYSE:DPM) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,235 shares of the company’s stock after buying an additional 1,950 shares during the period. Bokf Na’s holdings in Dcp Midstream were worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DPM. Alliancebernstein L.P. raised its position in shares of Dcp Midstream by 2.5% in the second quarter. Alliancebernstein L.P. now owns 14,935 shares of the company’s stock worth $515,000 after buying an additional 365 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Dcp Midstream by 3.8% in the third quarter. Ameriprise Financial Inc. now owns 13,814 shares of the company’s stock worth $488,000 after buying an additional 500 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Dcp Midstream by 0.6% in the third quarter. Evergreen Capital Management LLC now owns 117,735 shares of the company’s stock worth $4,160,000 after buying an additional 665 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Dcp Midstream by 0.5% in the third quarter. California Public Employees Retirement System now owns 128,700 shares of the company’s stock worth $4,547,000 after buying an additional 700 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Dcp Midstream by 34.2% in the second quarter. US Bancorp DE now owns 2,953 shares of the company’s stock worth $102,000 after buying an additional 753 shares during the last quarter. 67.94% of the stock is owned by hedge funds and other institutional investors.

Dcp Midstream (NYSE:DPM) traded down 0.80% on Thursday, reaching $37.20. The company’s stock had a trading volume of 283,362 shares. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.02 and a beta of 1.99. Dcp Midstream has a 52 week low of $15.25 and a 52 week high of $39.49. The company has a 50 day moving average of $36.74 and a 200 day moving average of $34.75.

A number of brokerages recently commented on DPM. Citigroup Inc. lowered Dcp Midstream from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Wednesday. RBC Capital Markets lowered Dcp Midstream from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $37.00 to $38.00 in a research note on Thursday, January 5th. Stifel Nicolaus increased their price target on Dcp Midstream from $27.00 to $32.00 and gave the company a “hold” rating in a research note on Wednesday, December 21st. Credit Suisse Group AG lowered Dcp Midstream from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $35.00 to $34.00 in a research note on Thursday, January 5th. Finally, Royal Bank Of Canada lowered Dcp Midstream from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $37.00 to $38.00 in a research note on Thursday, January 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.64.

About Dcp Midstream

DCP Midstream Partners, LP is a limited partnership. The Company operates through three segments: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. Its Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

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