DT Midstream (NYSE:DTM) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of DT Midstream (NYSE:DTM) from a hold rating to a buy rating in a report released on Thursday morning, Marketbeat reports. They currently have $106.00 price objective on the stock, up from their previous price objective of $89.00.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group boosted their price objective on shares of DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price target on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.89.

DT Midstream Stock Up 2.2 %

DTM opened at $97.53 on Thursday. The business has a 50-day moving average of $96.65 and a two-hundred day moving average of $81.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream has a 12 month low of $51.17 and a 12 month high of $109.85. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 23.73 and a beta of 0.77.

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 analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the business posted $0.94 EPS. On average, research analysts expect that DT Midstream will post 3.84 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.01%. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

Institutional Investors Weigh In On DT Midstream

Several large investors have recently made changes to their positions in DTM. SG Americas Securities LLC bought a new stake in DT Midstream during the 2nd quarter valued at $252,000. Wealth Enhancement Advisory Services LLC grew its position in DT Midstream by 20.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,572 shares of the company’s stock valued at $609,000 after buying an additional 1,464 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in DT Midstream during the 2nd quarter valued at about $234,000. Blue Trust Inc. raised its position in shares of DT Midstream by 16.0% during the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $73,000 after buying an additional 142 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock worth $1,289,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.