DT Midstream, Inc. (NYSE:DTM – Get Free Report) has earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $70.75.
A number of brokerages have recently commented on DTM. Wells Fargo & Company upped their target price on shares of DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on DT Midstream from $75.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Citigroup lifted their target price on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Barclays upped their price target on DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their price objective on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st.
View Our Latest Stock Analysis on DTM
Institutional Trading of DT Midstream
DT Midstream Stock Up 0.2 %
Shares of NYSE DTM opened at $78.85 on Wednesday. DT Midstream has a 1 year low of $50.88 and a 1 year high of $79.73. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 19.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $75.80 and a two-hundred day moving average of $69.49.
DT Midstream (NYSE:DTM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The firm had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $236.83 million. During the same period in the previous year, the company earned $0.93 earnings per share. On average, analysts forecast that DT Midstream will post 3.96 earnings per share for the current fiscal year.
DT Midstream Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $0.735 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.94 annualized dividend and a dividend yield of 3.73%. DT Midstream’s dividend payout ratio (DPR) is presently 71.71%.
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.
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