DT Midstream, Inc. (NYSE:DTM) Receives Consensus Rating of “Hold” from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.50.

Several equities analysts have recently commented on DTM shares. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Mizuho increased their price objective on shares of DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. US Capital Advisors downgraded shares of DT Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on shares of DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their price target on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th.

DT Midstream Stock Performance

NYSE:DTM opened at $62.93 on Friday. The firm has a 50-day moving average of $60.68 and a two-hundred day moving average of $56.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.63. The stock has a market cap of $6.11 billion, a P/E ratio of 15.35 and a beta of 0.72. DT Midstream has a 1-year low of $45.10 and a 1-year high of $64.69.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. The firm had revenue of $240.00 million during the quarter, compared to the consensus estimate of $242.62 million. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, research analysts expect that DT Midstream will post 3.93 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, June 14th. DT Midstream’s dividend payout ratio is presently 71.71%.

Insiders Place Their Bets

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $56.87 per share, with a total value of $56,870.00. Following the completion of the acquisition, the director now owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DT Midstream

Several institutional investors have recently modified their holdings of DTM. Wetzel Investment Advisors Inc. bought a new stake in DT Midstream in the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC bought a new stake in shares of DT Midstream during the fourth quarter valued at approximately $25,000. Mather Group LLC. acquired a new position in shares of DT Midstream during the first quarter worth approximately $29,000. ICA Group Wealth Management LLC bought a new position in DT Midstream in the 4th quarter worth approximately $32,000. Finally, Burkett Financial Services LLC acquired a new stake in DT Midstream in the 4th quarter valued at approximately $42,000. Institutional investors own 81.53% of the company’s stock.

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.