The DCP Midstream Partners, LP (DPM) Stake Maintained by Phillips Financial Management LLC

The DCP Midstream Partners, LP (DPM) Stake Maintained by Phillips Financial Management LLC

Phillips Financial Management LLC continued to hold its position in shares of DCP Midstream Partners, LP (NYSE:DPM) during the third quarter, Holdings Channel reports. The firm owned 10,700 shares of the company’s stock at the end of the third quarter. Phillips Financial Management LLC’s holdings in DCP Midstream Partners, were worth $378,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Harvest Fund Advisors LLC boosted its position in DCP Midstream Partners, by 2.7% in the second quarter. Harvest Fund Advisors LLC now owns 3,113,496 shares of the company’s stock worth $107,384,000 after buying an additional 83,303 shares during the last quarter. Eagle Global Advisors LLC raised its stake in DCP Midstream Partners, by 4.5% in the second quarter. Eagle Global Advisors LLC now owns 3,100,030 shares of the company’s stock valued at $106,920,000 after buying an additional 134,052 shares during the period. Janus Capital Management LLC raised its stake in DCP Midstream Partners, by 0.5% in the second quarter. Janus Capital Management LLC now owns 2,709,225 shares of the company’s stock valued at $93,441,000 after buying an additional 12,688 shares during the period. Duff & Phelps Investment Management Co. raised its stake in DCP Midstream Partners, by 23.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,218,184 shares of the company’s stock valued at $43,038,000 after buying an additional 233,000 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in DCP Midstream Partners, by 12.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,130,860 shares of the company’s stock valued at $39,003,000 after buying an additional 127,740 shares during the period. 67.94% of the stock is owned by institutional investors and hedge funds.

DCP Midstream Partners, LP (NYSE:DPM) traded down 2.42% on Wednesday, reaching $37.50. The company’s stock had a trading volume of 260,301 shares. DCP Midstream Partners, LP has a 52 week low of $15.25 and a 52 week high of $39.49. The firm has a 50 day moving average price of $36.74 and a 200 day moving average price of $34.75. The stock has a market capitalization of $4.30 billion, a P/E ratio of 21.19 and a beta of 1.99.

DPM has been the subject of several research reports. Zacks Investment Research upgraded DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 4th. Drexel Hamilton initiated coverage on DCP Midstream Partners, in a research note on Thursday, November 17th. They set a “hold” rating for the company. Credit Suisse Group lowered DCP Midstream Partners, from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $34.00 in a research note on Thursday, January 5th. Stifel Nicolaus upgraded DCP Midstream Partners, from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $42.00 in a research note on Thursday, January 5th. Finally, Royal Bank Of Canada lowered DCP Midstream Partners, from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $37.00 to $38.00 in a research note on Thursday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.29.

About DCP Midstream Partners,

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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