DT Midstream (NYSE:DTM) Upgraded at Citigroup

Citigroup upgraded shares of DT Midstream (NYSE:DTM) from a neutral rating to a buy rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $115.00 price objective on the stock, up from their previous price objective of $90.00.

Several other research analysts have also issued reports on the stock. 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. Wells Fargo & Company upped their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus downgraded DT Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $78.00 to $89.00 in a report on Wednesday, October 30th. Barclays increased their price objective on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Morgan Stanley boosted their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.78.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $108.56 on Thursday. DT Midstream has a 12 month low of $51.17 and a 12 month 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 stock has a market cap of $10.55 billion, a P/E ratio of 26.41 and a beta of 0.71. The company has a 50 day moving average of $88.36 and a 200 day moving average of $77.29.

DT Midstream (NYSE:DTM) last announced its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $242.64 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, sell-side analysts forecast that DT Midstream will post 3.96 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in DT Midstream by 324.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream during the 3rd quarter valued at about $29,000. Family Firm Inc. bought a new position in shares of DT Midstream during the 2nd quarter valued at $26,000. First Command Advisory Services Inc. bought a new stake in shares of DT Midstream during the 2nd quarter valued at about $31,000. Finally, American National Bank increased its holdings in DT Midstream by 100.0% during the second quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after buying an additional 234 shares during the last quarter. 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.