Texas Yale Capital Corp. Cuts Position in DCP Midstream LP (NYSE:DCP)

Texas Yale Capital Corp. lessened its holdings in DCP Midstream LP (NYSE:DCP) by 50.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,050 shares of the pipeline company’s stock after selling 42,050 shares during the quarter. Texas Yale Capital Corp.’s holdings in DCP Midstream were worth $1,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Albert D Mason Inc. grew its holdings in DCP Midstream by 0.8% in the first quarter. Albert D Mason Inc. now owns 43,149 shares of the pipeline company’s stock worth $1,426,000 after purchasing an additional 330 shares during the period. Northern Trust Corp grew its holdings in shares of DCP Midstream by 0.5% during the fourth quarter. Northern Trust Corp now owns 75,530 shares of the pipeline company’s stock valued at $2,001,000 after buying an additional 374 shares during the last quarter. Wambolt & Associates LLC grew its holdings in shares of DCP Midstream by 1.4% during the first quarter. Wambolt & Associates LLC now owns 44,118 shares of the pipeline company’s stock valued at $1,455,000 after buying an additional 609 shares during the last quarter. Conning Inc. grew its holdings in shares of DCP Midstream by 1.1% during the first quarter. Conning Inc. now owns 65,154 shares of the pipeline company’s stock valued at $2,153,000 after buying an additional 722 shares during the last quarter. Finally, Avalon Advisors LLC grew its holdings in shares of DCP Midstream by 3.0% during the first quarter. Avalon Advisors LLC now owns 28,778 shares of the pipeline company’s stock valued at $951,000 after buying an additional 849 shares during the last quarter. Institutional investors and hedge funds own 57.17% of the company’s stock.

Shares of NYSE:DCP traded down $0.21 during trading on Tuesday, reaching $26.36. 9,295 shares of the stock traded hands, compared to its average volume of 674,207. The firm’s 50-day moving average price is $29.64. DCP Midstream LP has a 52-week low of $24.18 and a 52-week high of $46.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.43 and a current ratio of 0.45. The company has a market capitalization of $3.93 billion, a PE ratio of 17.34, a P/E/G ratio of 10.92 and a beta of 2.08.

DCP Midstream (NYSE:DCP) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.19). DCP Midstream had a return on equity of 6.75% and a net margin of 3.15%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that DCP Midstream LP will post 1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 2nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 11.84%. The ex-dividend date is Thursday, August 1st. DCP Midstream’s dividend payout ratio is currently 202.60%.

A number of equities research analysts have recently commented on DCP shares. ValuEngine cut shares of DCP Midstream from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a “hold” rating in a report on Wednesday, May 22nd. Finally, Citigroup set a $31.00 price target on shares of DCP Midstream and gave the company a “hold” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.80.

DCP Midstream Company 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, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.

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

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