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

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have received an average recommendation of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $109.27.

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

DT Midstream Stock Up 0.2%

NYSE DTM opened at $105.94 on Friday. The stock has a market cap of $10.76 billion, a PE ratio of 28.87, a P/E/G ratio of 1.69 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $104.15 and a two-hundred day moving average price of $100.73. DT Midstream has a fifty-two week low of $68.88 and a fifty-two week high of $114.50.

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

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, June 16th. DT Midstream's payout ratio is presently 89.37%.

Institutional Trading of DT Midstream

Institutional investors have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in DT Midstream in the 1st quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in DT Midstream in the 1st quarter valued at $26,000. Twin Tree Management LP bought a new position in DT Midstream in the 1st quarter valued at $29,000. Bessemer Group Inc. raised 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 purchasing an additional 117 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after acquiring an additional 123 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.