DT Midstream, Inc. (NYSE:DTM) Receives $109.27 Average Target Price from Analysts

DT Midstream, Inc. (NYSE:DTM) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $109.27.

A number of equities research analysts have weighed in on DTM shares. Stifel Nicolaus reduced their price objective on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Barclays boosted their price objective on DT Midstream from $102.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 20th. UBS Group boosted their price objective on DT Midstream from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Williams Trading set a $110.00 price objective on DT Midstream in a research note on Monday, March 24th. Finally, Morgan Stanley set a $115.00 price target on DT Midstream and gave the stock an “underweight” rating in a research note on Tuesday, June 3rd.

DT Midstream Price Performance

DTM stock opened at $105.46 on Monday. The business has a 50 day moving average price of $100.00 and a 200 day moving average price of $100.31. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 25.66 and a beta of 0.78. DT Midstream has a fifty-two week low of $66.98 and a fifty-two week high of $114.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM) last posted its earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The business had revenue of $288.81 million for the quarter, compared to analysts’ expectations of $285.48 million. During the same quarter in the previous year, the firm earned $0.99 EPS. Equities research analysts anticipate that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 16th. DT Midstream’s dividend payout ratio is presently 89.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kingsview Wealth Management LLC acquired a new stake in DT Midstream in the fourth quarter valued at $208,000. Wilmington Savings Fund Society FSB grew its holdings in DT Midstream by 38.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 509 shares of the company’s stock valued at $51,000 after purchasing an additional 141 shares during the last quarter. Empowered Funds LLC acquired a new stake in DT Midstream in the fourth quarter valued at $6,432,000. Entropy Technologies LP acquired a new stake in DT Midstream in the fourth quarter valued at $1,025,000. Finally, Miller Howard Investments Inc. NY grew its holdings in DT Midstream by 17.7% in the fourth quarter. Miller Howard Investments Inc. NY now owns 227,187 shares of the company’s stock valued at $22,589,000 after purchasing an additional 34,133 shares during the last quarter. Institutional investors and hedge funds 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.