DT Midstream (NYSE:DTM) Shares Down 3.3% - Should You Sell?

DT Midstream, Inc. (NYSE:DTM - Get Free Report)'s share price was down 3.3% during trading on Monday . The stock traded as low as $100.41 and last traded at $100.87. Approximately 22,174 shares changed hands during trading, a decline of 98% from the average daily volume of 911,994 shares. The stock had previously closed at $104.34.

Analyst Ratings Changes

Several equities research analysts recently commented on DTM shares. US Capital Advisors cut 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 target price on DT Midstream and gave the company an "underweight" rating in a report on Tuesday, June 3rd. UBS Group increased their target price on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Barclays increased their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of "Hold" and an average price target of $109.27.

DT Midstream Price Performance

The firm has a 50 day moving average price of $104.82 and a 200 day moving average price of $100.95. 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 stock has a market cap of $10.24 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.79 and a beta of 0.78.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 EPS 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 the consensus estimate of $285.48 million. During the same period last year, the business earned $0.99 EPS. On average, analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Thrivent Financial for Lutherans raised its stake in DT Midstream by 55.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 35,570 shares of the company's stock valued at $3,536,000 after purchasing an additional 12,755 shares during the period. American Century Companies Inc. grew its holdings in DT Midstream by 3.5% during the 4th quarter. American Century Companies Inc. now owns 48,837 shares of the company's stock valued at $4,856,000 after buying an additional 1,666 shares in the last quarter. Sei Investments Co. grew its holdings in DT Midstream by 0.6% during the 4th quarter. Sei Investments Co. now owns 66,539 shares of the company's stock valued at $6,616,000 after buying an additional 422 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in DT Midstream during the 4th quarter valued at approximately $2,011,000. Finally, LPL Financial LLC grew its holdings in DT Midstream by 23.9% during the 4th quarter. LPL Financial LLC now owns 81,602 shares of the company's stock valued at $8,114,000 after buying an additional 15,733 shares in the last quarter. Institutional investors 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.