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

DT Midstream, Inc. (NYSE:DTM) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $57.25.

A number of analysts have issued reports on the company. Raymond James raised their price target on DT Midstream from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. TheStreet upgraded DT Midstream from a “d” rating to a “b-” rating in a report on Wednesday, September 6th. Morgan Stanley dropped their price objective on DT Midstream from $60.00 to $58.00 and set an “underweight” rating on the stock in a report on Thursday, July 20th. Mizuho reiterated a “buy” rating and issued a $58.00 target price on shares of DT Midstream in a research report on Friday, September 15th. Finally, Stifel Nicolaus started coverage on DT Midstream in a research report on Tuesday, October 3rd. They issued a “buy” rating and a $60.00 target price for the company.

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of DT Midstream in the 1st quarter worth $30,000. Nemes Rush Group LLC bought a new stake in shares of DT Midstream during the 2nd quarter worth about $35,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of DT Midstream by 48.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 783 shares of the company’s stock worth $39,000 after acquiring an additional 254 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of DT Midstream during the 1st quarter worth about $39,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of DT Midstream by 192.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the company’s stock worth $50,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

DT Midstream Trading Down 1.0 %

NYSE:DTM opened at $54.43 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.16 and a beta of 0.78. DT Midstream has a 1 year low of $45.10 and a 1 year high of $61.12. The stock has a fifty day moving average price of $53.76 and a two-hundred day moving average price of $51.07.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $234.00 million for the quarter, compared to analyst estimates of $226.76 million. DT Midstream had a return on equity of 8.46% and a net margin of 37.78%. During the same quarter last year, the company earned $0.90 earnings per share. As a group, sell-side analysts anticipate that DT Midstream will post 3.58 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, December 15th. DT Midstream’s payout ratio is currently 76.88%.

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.