DT Midstream (NYSE:DTM) Price Target Raised to $100.00

DT Midstream (NYSE:DTM) had its target price boosted by Wells Fargo & Company from $87.00 to $100.00 in a research report released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Citigroup upped their price target on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price target on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Morgan Stanley boosted their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Stifel Nicolaus lowered shares of DT Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target on DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, DT Midstream currently has an average rating of “Hold” and a consensus price target of $80.38.

DT Midstream Trading Down 1.3 %

DT Midstream stock opened at $88.96 on Thursday. The stock has a 50-day moving average of $81.36 and a two-hundred day moving average of $73.46. The stock has a market cap of $8.64 billion, a PE ratio of 21.64 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.95. DT Midstream has a one year low of $51.17 and a one year high of $91.50.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the prior year, the business posted $0.94 EPS. On average, research analysts anticipate that DT Midstream will post 3.96 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is currently 71.53%.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in DT Midstream by 16.0% in the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $73,000 after purchasing an additional 142 shares during the last quarter. TFG Advisers LLC increased its holdings in DT Midstream by 3.1% in the 3rd quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after purchasing an additional 172 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of DT Midstream by 8.6% in the 3rd quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock valued at $199,000 after buying an additional 200 shares during the period. Raymond James & Associates grew its position in DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock valued at $1,289,000 after acquiring an additional 201 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in DT Midstream by 39.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock worth $56,000 after buying an additional 224 shares during the period. Hedge funds and other 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.