DT Midstream, Inc. (NYSE:DTM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $88.89.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, October 4th. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday. Barclays increased their price objective on shares of DT Midstream from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Citigroup raised shares of DT Midstream from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of DTM. FMR LLC grew its stake in DT Midstream by 1,476.9% in the third quarter. FMR LLC now owns 805,950 shares of the company’s stock valued at $63,396,000 after purchasing an additional 754,839 shares in the last quarter. Brookfield Corp ON grew its stake in shares of DT Midstream by 171.3% in the third quarter. Brookfield Corp ON now owns 1,038,501 shares of the company’s stock valued at $81,689,000 after buying an additional 655,695 shares in the last quarter. International Assets Investment Management LLC acquired a new position in DT Midstream during the third quarter worth $39,166,000. Dimensional Fund Advisors LP raised its position in DT Midstream by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company’s stock worth $312,070,000 after acquiring an additional 490,613 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in DT Midstream by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock valued at $90,978,000 after acquiring an additional 267,269 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 3.5 %

DTM opened at $100.91 on Monday. The firm’s fifty day moving average is $96.95 and its two-hundred day moving average is $82.28. The firm has a market cap of $9.80 billion, a PE ratio of 24.55 and a beta of 0.77. DT Midstream has a twelve month low of $51.17 and a twelve month high of $109.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the business posted $0.94 EPS. Equities research analysts anticipate that DT Midstream will post 3.84 EPS for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

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.