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

Shares of DT Midstream, Inc. (NYSE:DTM) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $109.27.

DTM has been the subject of a number of recent analyst reports. 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. Bank of America assumed coverage on DT Midstream in a research note on Monday, March 24th. They issued a “buy” rating and a $110.00 target price for the company. Morgan Stanley set a $115.00 target price on DT Midstream and gave the company an “underweight” rating in a research note on Tuesday, June 3rd. US Capital Advisors cut DT Midstream from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Williams Trading set a $110.00 target price on DT Midstream in a research note on Monday, March 24th.

DT Midstream Trading Up 0.2%

DTM stock opened at $105.94 on Friday. The business has a fifty day moving average of $104.15 and a 200-day moving average of $100.73. The company has a market cap of $10.76 billion, a P/E ratio of 28.87, a PEG ratio of 1.69 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. DT Midstream has a twelve month low of $68.88 and a twelve month high of $114.50.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The company had revenue of $288.81 million during the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a net margin of 34.96% and a return on equity of 8.46%. During the same quarter in the prior year, the company posted $0.99 EPS. As a group, equities research analysts expect that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, June 16th. This represents a $3.28 annualized dividend and a yield of 3.10%. DT Midstream’s payout ratio is presently 89.37%.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of DTM. Voya Investment Management LLC raised its stake in DT Midstream by 19.3% in the first quarter. Voya Investment Management LLC now owns 158,869 shares of the company’s stock valued at $15,328,000 after buying an additional 25,714 shares during the period. Strs Ohio bought a new position in shares of DT Midstream during the first quarter worth approximately $2,337,000. Acadian Asset Management LLC increased its stake in shares of DT Midstream by 77.4% during the first quarter. Acadian Asset Management LLC now owns 68,296 shares of the company’s stock worth $6,585,000 after purchasing an additional 29,792 shares during the period. Geneos Wealth Management Inc. grew its position in DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in DT Midstream by 617.9% during the first quarter. Intech Investment Management LLC now owns 72,102 shares of the company’s stock worth $6,956,000 after buying an additional 62,058 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

About DT Midstream

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.