DT Midstream (NYSE:DTM) Downgraded by US Capital Advisors to “Hold”

US Capital Advisors lowered shares of DT Midstream (NYSE:DTM) from a moderate buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Bank of America started coverage on DT Midstream in a report on Monday, March 24th. They issued a “buy” rating and a $110.00 price objective on the stock. Barclays decreased their price objective on DT Midstream from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Finally, Williams Trading set a $110.00 price objective on DT Midstream in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $104.67.

DT Midstream Trading Up 0.1 %

Shares of DT Midstream stock opened at $98.76 on Monday. The stock has a market cap of $10.03 billion, a P/E ratio of 24.03 and a beta of 0.77. The stock’s 50 day simple moving average is $94.91 and its 200-day simple moving average is $98.26. DT Midstream has a 1-year low of $61.01 and a 1-year 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a $0.82 dividend. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Monday, March 17th. DT Midstream’s payout ratio is currently 91.11%.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $86.92 per share, with a total value of $86,920.00. Following the transaction, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DT Midstream

Institutional investors have recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in shares of DT Midstream during the first quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream during the third quarter worth about $29,000. Bessemer Group Inc. grew its position in shares of DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after buying an additional 117 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after buying an additional 160 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after buying an additional 163 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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.