DCP Midstream (NYSE:DCP) announced its earnings results on Monday, May 6th. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19), Briefing.com reports. DCP Midstream had a return on equity of 6.75% and a net margin of 3.15%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the company earned $0.08 earnings per share. DCP Midstream’s quarterly revenue was up 2.8% on a year-over-year basis.
Shares of NYSE DCP traded down $0.39 during midday trading on Thursday, hitting $31.07. The company had a trading volume of 351,721 shares, compared to its average volume of 554,677. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 0.67. DCP Midstream has a twelve month low of $24.18 and a twelve month high of $46.67. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 10.63 and a beta of 2.42.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, May 3rd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 10.04%. The ex-dividend date was Thursday, May 2nd. DCP Midstream’s dividend payout ratio (DPR) is 202.60%.
Several hedge funds and other institutional investors have recently made changes to their positions in DCP. Bessemer Group Inc. purchased a new position in DCP Midstream during the 4th quarter valued at about $29,000. Icon Wealth Partners LLC purchased a new stake in shares of DCP Midstream during the first quarter worth about $116,000. Penserra Capital Management LLC purchased a new stake in shares of DCP Midstream during the fourth quarter worth about $173,000. Lavaca Capital LLC purchased a new stake in shares of DCP Midstream during the fourth quarter worth about $230,000. Finally, American National Insurance Co. TX purchased a new stake in shares of DCP Midstream during the first quarter worth about $231,000. Hedge funds and other institutional investors own 57.28% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Rockland Register and is owned by of Rockland Register. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://rocklandregister.com/2019/05/30/dcp-midstream-dcp-releases-quarterly-earnings-results-misses-expectations-by-0-19-eps.html.
About DCP Midstream
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.
Featured Article: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for DCP Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCP Midstream and related companies with MarketBeat.com's FREE daily email newsletter.