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

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $93.38.

Several equities research analysts recently weighed in on DTM shares. The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Barclays upped their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, Morgan Stanley lifted their price objective on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DTM. Chickasaw Capital Management LLC boosted its stake in DT Midstream by 4.8% during the fourth quarter. Chickasaw Capital Management LLC now owns 317,231 shares of the company’s stock worth $31,542,000 after buying an additional 14,631 shares in the last quarter. Advance Capital Management Inc. bought a new position in shares of DT Midstream during the 4th quarter worth about $296,000. GAMMA Investing LLC boosted its position in shares of DT Midstream by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 3,985 shares of the company’s stock valued at $396,000 after acquiring an additional 1,388 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream in the third quarter valued at about $29,000. Finally, Sanctuary Advisors LLC raised its position in DT Midstream by 14.6% in the third quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company’s stock worth $369,000 after purchasing an additional 597 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Performance

DTM stock opened at $105.84 on Friday. The firm has a 50 day moving average of $101.02 and a two-hundred day moving average of $85.43. DT Midstream has a 12 month low of $51.17 and a 12 month high of $109.85. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.75 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, equities analysts anticipate that DT Midstream will post 3.84 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.78%. DT Midstream’s dividend payout ratio is currently 71.53%.

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.