DT Midstream, Inc. (NYSE:DTM) Given Average Rating of "Hold" by Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have been given a consensus rating of "Hold" by the eleven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $109.27.

Several brokerages have recently issued reports on DTM. Williams Trading set a $110.00 target price on shares of DT Midstream in a research report on Monday, March 24th. US Capital Advisors lowered shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Bank of America started coverage on shares of DT Midstream in a research note on Monday, March 24th. They issued a "buy" rating and a $110.00 price target on the stock. Morgan Stanley set a $115.00 price target on shares of DT Midstream and gave the stock an "underweight" rating in a research note on Tuesday, June 3rd. Finally, Barclays raised their price target on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th.

DT Midstream Stock Performance

DTM stock traded down $1.21 during midday trading on Friday, hitting $104.73. 563,424 shares of the stock traded hands, compared to its average volume of 905,333. The firm has a market cap of $10.64 billion, a P/E ratio of 28.54, a PEG ratio of 1.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.82 and a quick ratio of 0.82. The stock's fifty day simple moving average is $104.42 and its 200-day simple moving average is $100.86. DT Midstream has a 1-year low of $68.88 and a 1-year high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). DT Midstream had a net margin of 34.96% and a return on equity of 8.46%. The company had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. During the same quarter last year, the business earned $0.99 EPS. On average, analysts expect that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 3.13%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is 89.37%.

Institutional Investors Weigh In On DT Midstream

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of DT Midstream by 15.0% during the 4th quarter. Jones Financial Companies Lllp now owns 768 shares of the company's stock worth $76,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of DT Midstream by 4.8% during the 1st quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock worth $241,000 after purchasing an additional 114 shares during the last quarter. Lakeshore Financial Planning Inc. lifted its position in DT Midstream by 4.2% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,868 shares of the company's stock valued at $285,000 after acquiring an additional 116 shares during the last quarter. Bessemer Group Inc. increased its position in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the period. Finally, Independent Advisor Alliance increased its position in DT Midstream by 2.5% in the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock valued at $455,000 after acquiring an additional 117 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.