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

DT Midstream, Inc. (NYSE:DTM) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $139.6364.

Several research firms have recently commented on DTM. JPMorgan Chase & Co. upped their target price on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Wall Street Zen cut DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company restated an “overweight” rating and issued a $150.00 price target on shares of DT Midstream in a research note on Sunday, February 22nd. UBS Group upped their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Morgan Stanley increased their price objective on DT Midstream from $137.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 10th.

DT Midstream Stock Performance

Shares of DTM stock opened at $139.47 on Wednesday. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day simple moving average of $128.13 and a 200 day simple moving average of $118.04. DT Midstream has a 52 week low of $83.30 and a 52 week high of $143.67.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The company had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. During the same quarter last year, the company posted $0.94 EPS. On average, sell-side analysts predict that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. This is a boost from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 16th. DT Midstream’s dividend payout ratio is currently 76.10%.

Insider Buying and Selling

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the transaction, the chief financial officer owned 89,583 shares in the company, valued at $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of DT Midstream

Institutional investors have recently bought and sold shares of the business. NewEdge Wealth LLC increased its holdings in shares of DT Midstream by 2.4% during the fourth quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock worth $432,000 after purchasing an additional 85 shares during the period. Covestor Ltd boosted its stake in shares of DT Midstream by 11.2% in the fourth quarter. Covestor Ltd now owns 897 shares of the company’s stock valued at $107,000 after buying an additional 90 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the period. VestGen Investment Management grew its position in DT Midstream by 1.2% during the fourth quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after buying an additional 94 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in DT Midstream by 0.3% during the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after buying an additional 97 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.