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

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $80.44.

DTM has been the topic of several recent research reports. Barclays raised their price target on DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Stifel Nicolaus cut shares of DT Midstream from a “buy” rating to a “hold” rating and raised their target price for the company from $78.00 to $89.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of DT Midstream from $66.00 to $74.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their target price on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 240 shares during the last quarter. Family Firm Inc. purchased a new position in DT Midstream in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 3rd quarter worth $29,000. First Command Advisory Services Inc. purchased a new position in DT Midstream during the 2nd quarter valued at about $31,000. Finally, American National Bank lifted its stake in DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company’s stock worth $33,000 after acquiring an additional 234 shares during the period. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Down 0.3 %

DTM opened at $102.73 on Thursday. DT Midstream has a 1-year low of $51.17 and a 1-year high of $103.51. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 24.99 and a beta of 0.71. The business has a 50 day moving average of $87.07 and a 200-day moving average of $76.67. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same period in the previous year, the business posted $0.94 EPS. As a group, sell-side analysts anticipate that DT Midstream will post 3.96 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a yield of 2.86%. DT Midstream’s payout ratio is 71.53%.

About DT Midstream

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.