Brokerages Set DT Midstream, Inc. (NYSE:DTM) Target Price at $84.78

DT Midstream, Inc. (NYSE:DTM) has been given an average rating of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.89.

Several equities research analysts have recently issued reports on DTM shares. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and raised their price objective for the stock from $89.00 to $106.00 in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. The Goldman Sachs Group lifted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday. Morgan Stanley boosted their price target on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Barclays raised their price objective on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th.

Institutional Trading of DT Midstream

A number of large investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of DT Midstream in the 3rd quarter worth $29,000. Family Firm Inc. acquired a new stake in shares of DT Midstream during the second quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream in the third quarter valued at about $29,000. Finally, First Command Advisory Services Inc. acquired a new position in DT Midstream in the second quarter valued at about $31,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Up 3.5 %

DT Midstream stock opened at $100.91 on Monday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 24.55 and a beta of 0.77. The firm has a fifty day moving average price of $96.95 and a two-hundred day moving average price of $82.28. DT Midstream has a fifty-two week low of $51.17 and a fifty-two week high of $109.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream (NYSE:DTM) last announced its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter in the previous year, the company earned $0.94 EPS. As a group, analysts forecast that DT Midstream will post 3.84 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.91%. 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.