DT Midstream, Inc. (NYSE:DTM) Given Average Rating of “Hold” by Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.89.

Several equities research analysts have recently issued reports on DTM shares. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the stock from $89.00 to $106.00 in a report on Thursday. Morgan Stanley increased their price objective on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Barclays boosted their target price on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its position in DT Midstream by 324.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 240 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the third quarter worth about $29,000. Family Firm Inc. purchased a new position in shares of DT Midstream during the second quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream in the 3rd quarter valued at about $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in DT Midstream during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of NYSE DTM opened at $100.91 on Monday. The stock’s 50-day moving average is $96.95 and its two-hundred day moving average is $82.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 24.55 and a beta of 0.77. DT Midstream has a 1-year low of $51.17 and a 1-year high of $109.85.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period last year, the business earned $0.94 EPS. Analysts forecast that DT Midstream will post 3.84 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.91%. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.