DT Midstream (NYSE:DTM) Upgraded to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of DT Midstream (NYSE:DTM) from a hold rating to a buy rating in a research report sent to investors on Thursday, Marketbeat reports. They currently have $106.00 price target on the stock, up from their previous price target of $89.00.

DTM has been the topic of several other reports. The Goldman Sachs Group upped their target price on shares of DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Morgan Stanley raised their price objective on DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. 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 research report on Friday, October 4th. Finally, Wells Fargo & Company raised their target price on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, DT Midstream presently has an average rating of “Hold” and a consensus price target of $88.89.

DT Midstream Stock Up 3.5 %

DTM opened at $100.91 on Thursday. 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 has a 12 month low of $51.17 and a 12 month high of $109.85. The stock has a market capitalization of $9.80 billion, a P/E ratio of 24.55 and a beta of 0.77. The business has a 50 day simple moving average of $96.95 and a 200-day simple moving average of $82.18.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period last year, the business posted $0.94 EPS. On average, equities analysts anticipate that DT Midstream will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company 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. This represents a $2.94 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

Institutional Trading of DT Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of DT Midstream by 324.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the period. Family Firm Inc. acquired a new position in DT Midstream during the second quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new position in DT Midstream during the third quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream in the 3rd quarter valued at $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of DT Midstream during the 2nd quarter valued at $31,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.