Shares of DT Midstream, Inc. (NYSE:DTM – Get Free Report) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $70.75.
DTM has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of DT Midstream from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on DT Midstream from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their target price on DT Midstream from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Citigroup upped their target price on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company lifted their price objective on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.
View Our Latest Research Report on DT Midstream
Hedge Funds Weigh In On DT Midstream
DT Midstream Trading Up 0.2 %
DTM stock opened at $78.85 on Wednesday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 19.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. DT Midstream has a 1-year low of $50.88 and a 1-year high of $79.73. The business has a 50 day simple moving average of $75.80 and a two-hundred day simple moving average of $69.49.
DT Midstream (NYSE:DTM – Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The firm had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $236.83 million. During the same period in the previous year, the firm posted $0.93 earnings per share. Research analysts anticipate that DT Midstream will post 3.96 EPS for the current fiscal year.
DT Midstream Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Monday, September 16th. DT Midstream’s payout ratio is 71.71%.
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.
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