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

DT Midstream, Inc. (NYSE:DTMGet Free Report) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $84.78.

A number of research firms recently weighed in on DTM. Wells Fargo & Company raised their price objective on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus downgraded shares of DT Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $78.00 to $89.00 in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Finally, Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st.

Get Our Latest Stock Report on DTM

Hedge Funds Weigh In On DT Midstream

Large investors have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in DT Midstream by 324.3% during 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 in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the third quarter valued at about $29,000. Family Firm Inc. bought a new stake in shares of DT Midstream in the second quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of DT Midstream in the third quarter worth about $29,000. Finally, First Command Advisory Services Inc. bought a new position in DT Midstream during the second quarter valued at approximately $31,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Price Performance

DTM opened at $105.73 on Thursday. DT Midstream has a 12-month low of $51.17 and a 12-month high of $109.85. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 25.73 and a beta of 0.71. 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 stock has a fifty day simple moving average of $88.93 and a two-hundred day simple moving average of $77.67.

DT Midstream (NYSE:DTMGet Free Report) last posted 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 9.31% and a net margin of 41.19%. The business had revenue of $248.00 million for 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 predict that DT Midstream will post 3.96 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.78%. DT Midstream’s dividend payout ratio (DPR) is presently 71.53%.

DT Midstream Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for DT Midstream (NYSE:DTM)

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