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

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $109.27.

A number of analysts have commented on the stock. US Capital Advisors downgraded shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Stifel Nicolaus cut their target price on DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Morgan Stanley set a $115.00 price target on shares of DT Midstream and gave the company an "underweight" rating in a research report on Tuesday, June 3rd. Bank of America assumed coverage on shares of DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 target price on the stock. Finally, Williams Trading set a $110.00 price target on shares of DT Midstream in a research note on Monday, March 24th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of DT Midstream during the 1st quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of DT Midstream in the first quarter worth $26,000. Twin Tree Management LP acquired a new stake in shares of DT Midstream in the first quarter worth $29,000. Bessemer Group Inc. raised its stake in shares of 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, Geneos Wealth Management Inc. lifted its holdings in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock valued at $42,000 after acquiring an additional 123 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Price Performance

DTM stock traded down $2.32 during mid-day trading on Monday, reaching $105.75. 968,899 shares of the company's stock were exchanged, compared to its average volume of 884,798. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. DT Midstream has a 12-month low of $66.98 and a 12-month high of $114.50. The stock's 50 day moving average is $99.31 and its 200 day moving average is $100.26. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 25.73 and a beta of 0.78.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results 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 company 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 business posted $0.99 earnings per share. On average, research analysts expect that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 3.10%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream's 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.