DT Midstream (NYSE:DTM) Price Target Increased to $70.00 by Analysts at Stifel Nicolaus

DT Midstream (NYSE:DTM - Free Report) had its target price increased by Stifel Nicolaus from $62.00 to $70.00 in a research note released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also weighed in on DTM. Mizuho lifted their target price on DT Midstream from $57.00 to $65.00 and gave the company a neutral rating in a research report on Monday. Barclays lifted their target price on DT Midstream from $59.00 to $66.00 and gave the company an overweight rating in a research report on Friday, April 5th. US Capital Advisors lowered DT Midstream from an overweight rating to a hold rating in a research report on Monday. Finally, Wolfe Research raised DT Midstream from an underperform rating to a peer perform rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $61.50.

DT Midstream Trading Down 0.9 %

Shares of DTM stock traded down $0.56 on Wednesday, reaching $61.64. 827,247 shares of the company's stock were exchanged, compared to its average volume of 693,748. DT Midstream has a 52 week low of $45.10 and a 52 week 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 stock has a market capitalization of $5.99 billion, a PE ratio of 15.60 and a beta of 0.73. The company's fifty day simple moving average is $60.35 and its 200 day simple moving average is $56.70.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $240.00 million during the quarter, compared to analyst estimates of $242.62 million. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. During the same period in the previous year, the company posted $0.84 EPS. As a group, analysts forecast that DT Midstream will post 3.95 EPS for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.77%. DT Midstream's dividend payout ratio is presently 74.43%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Wetzel Investment Advisors Inc. purchased a new position in DT Midstream during the 4th quarter worth $25,000. HHM Wealth Advisors LLC purchased a new position in DT Midstream during the 4th quarter worth $25,000. Mather Group LLC. purchased a new position in DT Midstream during the 1st quarter worth $29,000. ICA Group Wealth Management LLC purchased a new position in DT Midstream during the 4th quarter worth $32,000. Finally, Burkett Financial Services LLC acquired a new stake in DT Midstream during the 4th quarter worth about $42,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.