A number of other research firms have also weighed in on DTM. Wells Fargo & Company boosted their price target on shares of DT Midstream from $57.00 to $58.00 and gave the stock an overweight rating in a research report on Monday, February 28th. Zacks Investment Research upgraded shares of DT Midstream from a hold rating to a buy rating and set a $61.00 price target on the stock in a research report on Friday, April 1st. Morgan Stanley boosted their price target on shares of DT Midstream from $54.00 to $60.00 and gave the stock an underweight rating in a research report on Tuesday, April 26th. The Goldman Sachs Group lowered shares of DT Midstream from a buy rating to a neutral rating and set a $58.00 price target on the stock. in a research report on Friday, March 4th. Finally, Barclays lifted their target price on shares of DT Midstream from $53.00 to $55.00 and gave the stock an equal weight rating in a research note on Thursday, January 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $57.38.
Shares of NYSE DTM opened at $54.09 on Tuesday. The company’s 50-day simple moving average is $54.90 and its 200-day simple moving average is $51.31. DT Midstream has a 52-week low of $38.21 and a 52-week high of $59.36. The firm has a market cap of $5.23 billion and a price-to-earnings ratio of 16.90. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Monday, June 20th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, June 16th. DT Midstream’s dividend payout ratio (DPR) is 80.00%.
Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in shares of DT Midstream in the 3rd quarter valued at approximately $34,000. Meeder Asset Management Inc. purchased a new stake in shares of DT Midstream in the 3rd quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DT Midstream in the 4th quarter valued at approximately $28,000. Mystic Asset Management Inc. purchased a new stake in shares of DT Midstream in the 4th quarter valued at approximately $29,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of DT Midstream in the 1st quarter valued at approximately $34,000. 76.66% of the stock is currently owned by institutional investors and hedge funds.
DT Midstream Company Profile (Get Rating)
DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.
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