DT Midstream, Inc. (NYSE:DTM) Receives $108.27 Average PT from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $108.27.

A number of equities research analysts have recently issued reports on the company. US Capital Advisors lowered DT Midstream from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 28th. Barclays dropped their price target on DT Midstream from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Stifel Nicolaus dropped their price target on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. UBS Group upped their price objective on DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Bank of America initiated coverage on DT Midstream in a report on Monday, March 24th. They issued a “buy” rating and a $110.00 price objective on the stock.

DT Midstream Price Performance

NYSE:DTM opened at $104.04 on Thursday. DT Midstream has a 12 month low of $65.43 and a 12 month high of $114.50. The stock has a 50 day moving average of $96.96 and a two-hundred day moving average of $99.50. 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 firm has a market cap of $10.57 billion, a P/E ratio of 25.31 and a beta of 0.77.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). The firm had revenue of $288.81 million for the quarter, compared to analysts’ expectations of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter last year, the firm posted $0.99 earnings per share. On average, analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, June 16th. DT Midstream’s dividend payout ratio (DPR) is 89.37%.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 1,235 shares of company stock worth $109,867 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of DT Midstream

Several hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of DT Midstream by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock valued at $2,685,000 after acquiring an additional 100 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of DT Midstream by 15.0% in the fourth quarter. Jones Financial Companies Lllp now owns 768 shares of the company’s stock valued at $76,000 after acquiring an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of DT Midstream by 17.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 696 shares of the company’s stock valued at $69,000 after acquiring an additional 105 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of DT Midstream by 4.8% in the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company’s stock valued at $241,000 after acquiring an additional 114 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of DT Midstream by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,137 shares of the company’s stock valued at $1,235,000 after acquiring an additional 116 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.