Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $80.44

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $84.78.

DTM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company upped their price target on shares of DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on DT Midstream from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Morgan Stanley upped their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Barclays lifted their price target on DT Midstream from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

Hedge Funds Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of DT Midstream by 324.3% in the third 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 last quarter. Family Firm Inc. bought a new position in DT Midstream in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in DT Midstream in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream during the third quarter worth $29,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of DT Midstream in the second quarter valued at $31,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Trading Down 0.9 %

DT Midstream stock opened at $105.82 on Thursday. DT Midstream has a 52-week low of $51.17 and a 52-week high of $109.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.75 and a beta of 0.71. The firm has a 50-day moving average price of $89.51 and a two-hundred day moving average price of $77.96.

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

DT Midstream Dividend Announcement

The company also recently announced 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 2.78%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s payout ratio is 71.53%.

About DT Midstream

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.