DT Midstream, Inc. (NYSE:DTM) Receives Consensus Rating of "Hold" from Analysts

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $109.27.

DTM has been the subject of a number of recent analyst reports. US Capital Advisors lowered DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Morgan Stanley set a $115.00 price objective on shares of DT Midstream and gave the company an "underweight" rating in a report on Tuesday, June 3rd. UBS Group raised their target price on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Williams Trading set a $110.00 target price on shares of DT Midstream in a research report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price target on DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, February 27th.

DT Midstream Stock Up 0.6%

Shares of DTM traded up $0.61 on Monday, hitting $106.12. 529,560 shares of the stock traded hands, compared to its average volume of 884,218. DT Midstream has a one year low of $66.98 and a one year high of $114.50. The company has a market capitalization of $10.78 billion, a PE ratio of 25.82 and a beta of 0.78. The business has a 50 day simple moving average of $100.00 and a 200 day simple moving average of $100.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). The business had revenue of $288.81 million during the quarter, compared to the consensus estimate of $285.48 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the business posted $0.99 EPS. As a group, equities analysts forecast that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

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

Institutional Investors Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truist Financial Corp bought a new position in shares of DT Midstream in the fourth quarter worth about $771,000. Thrivent Financial for Lutherans lifted its holdings 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 purchasing an additional 12,755 shares in the last quarter. Atria Investments Inc boosted its stake 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 purchasing an additional 6,946 shares during the period. M1 Capital Management LLC purchased a new stake in DT Midstream during the 4th quarter valued at approximately $404,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in DT Midstream during the 4th quarter valued at approximately $645,000. 81.53% of the stock is owned by institutional investors.

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.