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

DT Midstream, Inc. (NYSE:DTM) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $56.83.

A number of research firms recently commented on DTM. Mizuho decreased their price target on DT Midstream from $59.00 to $58.00 in a research report on Monday, May 1st. Morgan Stanley decreased their price objective on DT Midstream from $60.00 to $58.00 and set an “underweight” rating on the stock in a research report on Thursday, July 20th.

Institutional Trading of DT Midstream

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in DT Midstream by 1.4% during the 1st quarter. BlackRock Inc. now owns 10,859,987 shares of the company’s stock worth $536,158,000 after buying an additional 152,318 shares during the period. Vanguard Group Inc. raised its stake in DT Midstream by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,763,732 shares of the company’s stock worth $529,780,000 after buying an additional 99,072 shares during the period. Goldman Sachs Group Inc. raised its stake in DT Midstream by 7.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,598,848 shares of the company’s stock worth $178,395,000 after buying an additional 234,952 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in DT Midstream by 17.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,314,346 shares of the company’s stock worth $163,629,000 after buying an additional 496,420 shares during the period. Finally, State Street Corp raised its stake in DT Midstream by 2.1% during the 1st quarter. State Street Corp now owns 2,968,352 shares of the company’s stock worth $148,580,000 after buying an additional 59,731 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

DT Midstream Trading Up 0.5 %

Shares of DTM opened at $51.83 on Tuesday. DT Midstream has a 1 year low of $45.10 and a 1 year high of $61.12. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $51.15 and a 200-day simple moving average of $49.58. The stock has a market cap of $5.02 billion, a PE ratio of 13.60 and a beta of 0.81.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $228.87 million. DT Midstream had a return on equity of 8.44% and a net margin of 40.13%. During the same period in the prior year, the firm posted $0.80 EPS. On average, sell-side analysts predict that DT Midstream will post 3.6 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Friday, September 15th. DT Midstream’s payout ratio is presently 72.44%.

DT Midstream Company Profile

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.