DT Midstream (NYSE:DTM) PT Raised to $70.00 at Stifel Nicolaus

DT Midstream (NYSE:DTM) had its price objective raised by Stifel Nicolaus from $62.00 to $70.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. US Capital Advisors cut shares of DT Midstream from an overweight rating to a hold rating in a report on Monday, April 29th. Wolfe Research upgraded shares of DT Midstream from an underperform rating to a peer perform rating in a research note on Tuesday, February 20th. Barclays upped their target price on shares of DT Midstream from $59.00 to $66.00 and gave the company an overweight rating in a report on Friday, April 5th. Finally, Mizuho raised their price target on DT Midstream from $57.00 to $65.00 and gave the stock a neutral rating in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $61.50.

DT Midstream Price Performance

Shares of DTM opened at $62.93 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.71 and a quick ratio of 0.63. DT Midstream has a 1-year low of $45.10 and a 1-year high of $64.69. The stock has a market cap of $6.11 billion, a PE ratio of 15.35 and a beta of 0.72. The firm has a fifty day moving average price of $60.68 and a 200 day moving average price of $56.82.

DT Midstream (NYSE:DTM) last posted its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $240.00 million during the quarter, compared to the consensus estimate of $242.62 million. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. During the same period in the previous year, the business earned $0.84 EPS. As a group, sell-side analysts anticipate that DT Midstream will post 3.93 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid 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 is Friday, June 14th. DT Midstream’s dividend payout ratio (DPR) is 71.71%.

Insider Activity at DT Midstream

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $56.87 per share, with a total value of $56,870.00. Following the purchase, the director now directly owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in DT Midstream during the fourth quarter worth $25,000. HHM Wealth Advisors LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth about $25,000. Mather Group LLC. acquired a new stake in DT Midstream in the 1st quarter valued at about $29,000. ICA Group Wealth Management LLC purchased a new position in DT Midstream during the 4th quarter valued at about $32,000. Finally, Burkett Financial Services LLC acquired a new position in DT Midstream during the fourth quarter worth about $42,000. Institutional investors and hedge funds 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.