Analysts Set DT Midstream, Inc. (NYSE:DTM) PT at $109.27

Shares of DT Midstream, Inc. (NYSE:DTM) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $109.27.

Several brokerages recently issued reports on DTM. Morgan Stanley set a $115.00 price target on DT Midstream and gave the company an “underweight” rating in a report on Tuesday, June 3rd. Barclays boosted their price target on DT Midstream from $102.00 to $103.00 and gave the company an “equal weight” rating in a report on Tuesday, May 20th. US Capital Advisors downgraded DT Midstream from a “moderate buy” rating to a “hold” rating in a report on Monday, April 28th. Stifel Nicolaus cut their price target on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, UBS Group boosted their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 27th.

Institutional Investors Weigh In On DT Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp purchased a new stake in DT Midstream in the 4th quarter worth approximately $771,000. Thrivent Financial for Lutherans lifted its position in DT Midstream by 55.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company’s stock worth $3,536,000 after buying an additional 12,755 shares in the last quarter. Atria Investments Inc lifted its position in DT Midstream by 82.0% in the 4th quarter. Atria Investments Inc now owns 15,412 shares of the company’s stock worth $1,532,000 after buying an additional 6,946 shares in the last quarter. M1 Capital Management LLC purchased a new stake in DT Midstream in the 4th quarter worth approximately $404,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in DT Midstream in the 4th quarter worth approximately $645,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE DTM opened at $106.23 on Monday. 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 has a 52-week low of $66.98 and a 52-week high of $114.50. The business’s 50-day moving average price is $100.71 and its 200 day moving average price is $100.31. The firm has a market cap of $10.79 billion, a P/E ratio of 25.85 and a beta of 0.78.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $288.81 million during the quarter, compared to analysts’ expectations of $285.48 million. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities research analysts expect that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, June 16th. DT Midstream’s dividend payout ratio is 89.37%.

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.