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

Shares of DT Midstream, Inc. (NYSE:DTM) 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.

Hedge Funds Weigh In On DT Midstream

Several institutional investors have recently bought and sold shares of DTM. Blue Trust Inc. boosted its position in DT Midstream by 16.0% in the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $73,000 after buying an additional 142 shares during the period. Raymond James & Associates grew its stake in DT Midstream by 1.1% during the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock worth $1,289,000 after purchasing an additional 201 shares in the last quarter. GAMMA Investing LLC increased its holdings in DT Midstream by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $72,000 after purchasing an additional 208 shares during the period. Azimuth Capital Investment Management LLC raised its position in DT Midstream by 3.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company’s stock valued at $345,000 after purchasing an additional 209 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of DT Midstream by 39.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock valued at $56,000 after buying an additional 224 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

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) 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.