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

Shares of DT Midstream, Inc. (NYSE:DTM) have received an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $102.00.

A number of brokerages have recently issued reports on DTM. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Stifel Nicolaus dropped their target price on DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays initiated coverage on DT Midstream in a research report on Friday, January 10th. They set an “equal weight” rating and a $112.00 target price on the stock. Raymond James boosted their price objective on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their price objective on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its stake in 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 during the period. Jones Financial Companies Lllp boosted its stake in 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 during the period. MassMutual Private Wealth & Trust FSB boosted its stake in 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 during the period. Allspring Global Investments Holdings LLC boosted its stake in 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 during the period. Finally, Lakeshore Financial Planning Inc. boosted its stake in DT Midstream by 4.2% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company’s stock valued at $285,000 after acquiring an additional 116 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Up 3.3 %

Shares of NYSE DTM opened at $96.03 on Friday. DT Midstream has a 1 year low of $57.12 and a 1 year high of $114.50. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 23.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $93.12.

DT Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $0.82 dividend. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Monday, March 17th. 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.