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

DT Midstream, Inc. (NYSE:DTM) has received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $80.38.

DTM has been the subject of several research reports. Barclays upped their price target on shares of DT Midstream from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Stifel Nicolaus cut shares of DT Midstream from a “buy” rating to a “hold” rating and upped their target price for the company from $78.00 to $89.00 in a report on Wednesday. Morgan Stanley lifted their price target on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Citigroup upped their price objective on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company lifted their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday.

Hedge Funds Weigh In On DT Midstream

Several large investors have recently made changes to their positions in DTM. UMB Bank n.a. grew its position in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 240 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the 3rd quarter valued at approximately $29,000. Family Firm Inc. bought a new stake in shares of DT Midstream during the second quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new position in shares of DT Midstream in the second quarter worth $31,000. Finally, American National Bank boosted its position in shares of DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after acquiring an additional 234 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Trading Down 0.8 %

NYSE:DTM opened at $90.17 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 21.94 and a beta of 0.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $81.11 and a two-hundred day simple moving average of $73.19. DT Midstream has a 12 month low of $51.17 and a 12 month high of $91.50.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same period in the previous year, the firm earned $0.94 EPS. Research analysts forecast that DT Midstream will post 3.99 earnings per share for the current year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $0.735 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.26%. DT Midstream’s payout ratio 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.