Barclays Boosts DT Midstream (NYSE:DTM) Price Target to $103.00

DT Midstream (NYSE:DTM - Free Report) had its target price raised by Barclays from $102.00 to $103.00 in a research report report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on the company. US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th. Stifel Nicolaus dropped their price objective on DT Midstream from $106.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company cut their price objective on DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Williams Trading set a $110.00 target price on DT Midstream in a report on Monday, March 24th. Finally, Bank of America started coverage on shares of DT Midstream in a research note on Monday, March 24th. They set a "buy" rating and a $110.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $108.36.

DT Midstream Stock Up 2.0%

Shares of NYSE DTM traded up $2.00 during midday trading on Tuesday, hitting $104.09. 633,014 shares of the company's stock were exchanged, compared to its average volume of 875,325. The firm's fifty day simple moving average is $97.78 and its 200-day simple moving average is $99.91. The company has a market cap of $10.57 billion, a PE ratio of 25.33 and a beta of 0.77. DT Midstream has a twelve month low of $65.45 and a twelve month high of $114.50. 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 (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 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 firm had revenue of $288.81 million during the quarter, compared to analyst estimates of $285.48 million. During the same period last year, the company earned $0.99 earnings per share. Research analysts predict that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is currently 89.37%.

Insider Activity

In related news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares of the company's stock, valued at $3,359,718.76. The trade was a 2.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,235 shares of company stock worth $109,867 over the last quarter. Corporate insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On DT Midstream

Institutional investors have recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of DT Midstream in the first quarter worth $25,000. Alpine Bank Wealth Management bought a new stake in DT Midstream in the 1st quarter valued at $26,000. Twin Tree Management LP bought a new stake in DT Midstream in the 1st quarter valued at $29,000. Bessemer Group Inc. grew its position in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock worth $34,000 after purchasing an additional 163 shares during the period. 81.53% of the stock is currently 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.