Analysts Set DT Midstream, Inc. (NYSE:DTM) PT at $80.44

Shares of DT Midstream, Inc. (NYSE:DTM) have earned an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Two research 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 objective among brokerages that have issued a report on the stock in the last year is $84.78.

A number of brokerages have issued reports on DTM. The Goldman Sachs Group upped their price objective on DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price 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. Wells Fargo & Company increased their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price target on shares of DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

DT Midstream Price Performance

Shares of NYSE DTM opened at $108.56 on Thursday. The firm’s 50-day moving average price is $88.36 and its 200-day moving average price is $77.29. DT Midstream has a 1-year low of $51.17 and a 1-year high of $109.85. 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 firm has a market capitalization of $10.55 billion, a P/E ratio of 26.41 and a beta of 0.71.

DT Midstream (NYSE:DTM) last issued 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). The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period last year, the company earned $0.94 earnings per share. Equities research analysts anticipate that DT Midstream will post 3.96 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio is presently 71.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings 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 in the last quarter. Family Firm Inc. bought a new stake in shares of DT Midstream during the second quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new position in DT Midstream in the third quarter worth $29,000. First Command Advisory Services Inc. purchased a new position in DT Midstream during the second quarter valued at $31,000. Finally, American National Bank boosted its holdings in shares of DT Midstream by 100.0% during the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after buying an additional 234 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.