DCP Midstream - DCP Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DCP Midstream in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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8 equities research analysts have issued 12 month price targets for DCP Midstream's shares. Their DCP share price forecasts range from $38.00 to $45.00. On average, they predict the company's share price to reach $41.50 in the next year. This suggests that the stock has a possible downside of 0.5%.
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DCP Midstream's stock was trading at $38.79 at the start of the year. Since then, DCP shares have increased by 7.5% and is now trading at $41.71.
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DCP Midstream saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 5,320,000 shares, an increase of 19.0% from the February 28th total of 4,470,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 6.4% 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 Wednesday, May 3rd 2023.
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DCP Midstream, LP (NYSE:DCP) issued its earnings results on Wednesday, February, 8th. The pipeline company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. The pipeline company earned $3.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. DCP Midstream had a trailing twelve-month return on equity of 21.64% and a net margin of 7.02%. DCP Midstream's revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS.

DCP Midstream announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.43 per share on Tuesday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, February 2nd.
Read our dividend analysis for DCP.

ETFs with the largest weight of DCP Midstream (NYSE:DCP) stock in their portfolio include First Trust Natural Gas ETF (FCG), Global X MLP ETF (MLPA), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Arrow Dow Jones Global Yield ETF (GYLD), Tortoise North American Pipeline Fund (TPYP) 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 4.13%. 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 36.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCP will have a dividend payout ratio of 38.48% 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 number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (6.46%), Tortoise Capital Advisors L.L.C. (3.79%), Morgan Stanley (3.34%), Citigroup Inc. (1.41%), Chickasaw Capital Management LLC (1.25%) and Mirae Asset Global Investments Co. Ltd. (0.98%).
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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 $41.71.

DCP Midstream (NYSE:DCP) has a market capitalization of $8.70 billion and generates $14.99 billion in revenue each year. The pipeline company earns $1.05 billion in net income (profit) each year or $4.72 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.