DT Midstream (NYSE:DTM) Price Target Raised to $65.00 at Mizuho

DT Midstream (NYSE:DTM - Free Report) had its price target upped by Mizuho from $57.00 to $65.00 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on the stock. Wolfe Research raised shares of DT Midstream from an underperform rating to a peer perform rating in a research report on Tuesday, February 20th. Barclays upped their target price on DT Midstream from $59.00 to $66.00 and gave the company an overweight rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, DT Midstream has an average rating of Hold and a consensus price target of $59.83.

DT Midstream Trading Down 1.3 %

NYSE:DTM traded down $0.85 on Monday, reaching $63.19. 1,128,785 shares of the stock traded hands, compared to its average volume of 682,389. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 16.00 and a beta of 0.73. DT Midstream has a 1-year low of $45.10 and a 1-year high of $64.69. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. The company's 50 day moving average is $60.22 and its 200-day moving average is $56.65.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Friday, February 16th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.92 by $0.32. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. The business had revenue of $244.00 million during the quarter, compared to analysts' expectations of $235.19 million. During the same quarter last year, the firm posted $0.93 earnings per share. Equities research analysts anticipate that DT Midstream will post 3.95 EPS for the current fiscal year.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $0.735 dividend. The ex-dividend date was Friday, March 15th. This represents a $2.94 annualized dividend and a yield of 4.65%. This is a positive change from DT Midstream's previous quarterly dividend of $0.69. DT Midstream's dividend payout ratio (DPR) is 74.43%.

Insider Buying and Selling

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the purchase, the director now owns 37,289 shares in the company, valued at approximately $2,120,625.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Trading of DT Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of DTM. Wetzel Investment Advisors Inc. purchased a new position in DT Midstream during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC bought a new position in shares of DT Midstream in the fourth quarter worth approximately $25,000. Mather Group LLC. purchased a new stake in DT Midstream in the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC bought a new stake in DT Midstream during the fourth quarter valued at approximately $32,000. Finally, Burkett Financial Services LLC purchased a new position in DT Midstream in the 4th quarter worth approximately $42,000. 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.