DCP Midstream (DCP) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DCP Midstream in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DCP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DCP, but not buy additional shares or sell existing shares.
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7 brokers have issued twelve-month target prices for DCP Midstream's stock. Their DCP share price forecasts range from $38.00 to $45.00. On average, they predict the company's stock price to reach $40.80 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts price targets for DCP or view top-rated stocks among Wall Street analysts.

DCP Midstream's stock was trading at $38.79 at the start of the year. Since then, DCP shares have increased by 7.3% and is now trading at $41.61.
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DCP Midstream saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,400,000 shares, a drop of 14.4% from the April 15th total of 3,970,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 4.1% of the company's stock are sold short.
View DCP Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our DCP earnings forecast.

DCP Midstream, LP (NYSE:DCP) posted its quarterly earnings data on Wednesday, May, 3rd. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The pipeline company earned $2.73 billion during the quarter, compared to analysts' expectations of $3.60 billion. DCP Midstream had a trailing twelve-month return on equity of 20.86% and a net margin of 8.25%. The business's quarterly revenue was down 19.2% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.

DCP Midstream announced a quarterly dividend on Wednesday, April 19th. Investors of record on Monday, May 1st will be paid a dividend of $0.43 per share on Monday, May 15th. This represents a $1.72 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, April 28th.
Read our dividend analysis for DCP.

ETFs with the largest weight of DCP Midstream (NYSE:DCP) stock in their portfolio include Global X MLP ETF (MLPA), AltShares Event-Driven ET (EVNT), VanEck Energy Income ETF (EINC), Global X MLP & Energy Infrastructure ETF (MLPX), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Tortoise North American Pipeline Fund (TPYP), Arrow Dow Jones Global Yield ETF (GYLD) and US Value ETF (USVT).

DCP Midstream (NYSE:DCP) pays an annual dividend of $1.72 per share and currently has a dividend yield of 4.14%. DCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCP will have a dividend payout ratio of 40.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCP.

125 employees have rated DCP Midstream Chief Executive Officer Wouter van Kempen on Glassdoor.com. Wouter van Kempen has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other DCP Midstream investors own include Energy Transfer (ET), NGL Energy Partners (NGL), Enterprise Products Partners (EPD), AT&T (T), Annaly Capital Management (NLY), Martin Midstream Partners (MMLP), Alliance Resource Partners (ARLP), AGNC Investment (AGNC), Chimera Investment (CIM) and New Residential Investment (NRZ).

DCP Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "DCP."

DCP Midstream's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.77%), Bank of America Corp DE (3.00%), Tortoise Capital Advisors L.L.C. (2.83%), BlackRock Inc. (2.69%), First Trust Capital Management L.P. (2.68%) and Citigroup Inc. (2.28%).
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Shares of DCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DCP stock can currently be purchased for approximately $41.61.

DCP Midstream (NYSE:DCP) has a market capitalization of $8.68 billion and generates $14.99 billion in revenue each year. The pipeline company earns $1.05 billion in net income (profit) each year or $5.39 on an earnings per share basis.

The company employs 1,910 workers across the globe.

DCP Midstream's mailing address is 370 17TH STREET SUITE 2500, DENVER CO, 80202. The official website for the company is www.dcpmidstream.com. The pipeline company can be reached via phone at (303) 595-3331, via email at mmcginnis@dcpmidstream.com, or via fax at 303-633-2921.