DCP Midstream, LP (NYSE:DCP) – Stock analysts at US Capital Advisors lifted their Q2 2021 earnings per share (EPS) estimates for shares of DCP Midstream in a research note issued on Tuesday, July 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.48. US Capital Advisors also issued estimates for DCP Midstream’s Q3 2021 earnings at $0.57 EPS, Q4 2021 earnings at $0.59 EPS, Q1 2022 earnings at $0.71 EPS, Q2 2022 earnings at $0.70 EPS, Q3 2022 earnings at $0.70 EPS, Q4 2022 earnings at $0.70 EPS and FY2023 earnings at $2.72 EPS.
DCP Midstream (NYSE:DCP) last released its earnings results on Wednesday, May 5th. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). DCP Midstream had a return on equity of 5.82% and a net margin of 4.27%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2 billion.
NYSE:DCP opened at $27.26 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.69 and a current ratio of 0.71. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 23.91 and a beta of 3.58. The company’s 50 day moving average price is $28.27. DCP Midstream has a 1-year low of $9.62 and a 1-year high of $32.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCP. Total Clarity Wealth Management Inc. acquired a new position in DCP Midstream during the 1st quarter worth approximately $28,000. First Horizon Advisors Inc. grew its stake in DCP Midstream by 99.9% during the 1st quarter. First Horizon Advisors Inc. now owns 2,111 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,055 shares during the last quarter. Quadrant Capital Group LLC bought a new position in DCP Midstream during the 1st quarter worth $49,000. Capital Asset Advisory Services LLC acquired a new position in DCP Midstream during the 4th quarter worth $53,000. Finally, Signaturefd LLC acquired a new position in DCP Midstream during the 1st quarter worth $68,000. 31.42% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a dividend, which will be paid on Friday, August 13th. Stockholders of record on Friday, July 30th will be paid a $0.39 dividend. This represents a dividend yield of 5.63%. The ex-dividend date is Thursday, July 29th. DCP Midstream’s dividend payout ratio is currently 105.41%.
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); and fractionating NGLs.
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