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

Shares of DT Midstream, Inc. (NYSE:DTM) have received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $84.78.

Several analysts have issued reports on DTM shares. Barclays increased their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Citigroup raised shares of 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 report on Thursday, November 21st. Morgan Stanley boosted their price target on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 4th.

DT Midstream Stock Performance

Shares of DTM stock opened at $105.82 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.28 billion, a PE ratio of 25.75 and a beta of 0.71. The company’s fifty day simple moving average is $89.51 and its 200-day simple moving average is $77.96. DT Midstream has a 52 week low of $51.17 and a 52 week high of $109.85.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, equities research analysts anticipate that DT Midstream will post 3.96 EPS for the current year.

DT Midstream Dividend Announcement

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 paid a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

Institutional Trading of DT Midstream

Several institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream in the 3rd quarter valued at about $29,000. Sanctuary Advisors LLC boosted its stake in DT Midstream by 14.6% in the third quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company’s stock valued at $369,000 after acquiring an additional 597 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of DT Midstream during the third quarter valued at approximately $239,000. Geode Capital Management LLC raised its position in shares of DT Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,066,278 shares of the company’s stock worth $162,567,000 after purchasing an additional 85,462 shares during the period. Finally, Executive Wealth Management LLC raised its position in shares of DT Midstream by 14.7% during the 3rd quarter. Executive Wealth Management LLC now owns 10,563 shares of the company’s stock worth $831,000 after purchasing an additional 1,356 shares during the period. Institutional investors 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.