DT Midstream (NYSE:DTM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

DT Midstream (NYSE:DTM) had its price objective lifted by Wells Fargo & Company from $87.00 to $100.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently issued reports on DTM. Citigroup lifted their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Stifel Nicolaus lowered shares of DT Midstream from a “buy” rating to a “hold” rating and upped their target price for the stock from $78.00 to $89.00 in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Barclays upped their target price on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their target price on shares of DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $80.38.

DT Midstream Trading Down 1.3 %

Shares of DT Midstream stock opened at $88.96 on Thursday. The stock has a market capitalization of $8.64 billion, a PE ratio of 21.64 and a beta of 0.71. DT Midstream has a 52 week low of $51.17 and a 52 week high of $91.50. The stock has a 50 day moving average price of $81.36 and a two-hundred day moving average price of $73.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.95.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities analysts anticipate that DT Midstream will post 3.96 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. grew its position in shares of DT Midstream by 324.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 240 shares during the period. Family Firm Inc. bought a new position in shares of DT Midstream during the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 3rd quarter valued at approximately $29,000. First Command Advisory Services Inc. bought a new position in shares of DT Midstream during the 2nd quarter valued at approximately $31,000. Finally, American National Bank grew its position in shares of DT Midstream by 100.0% during the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after acquiring an additional 234 shares during the period. 81.53% of the stock is owned by institutional investors.

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.