DT Midstream, Inc. (NYSE:DTM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have been given an average rating of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.71.

DTM has been the topic of several research reports. Barclays upped their target price on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company raised DT Midstream from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $62.00 to $77.00 in a report on Tuesday, June 4th. US Capital Advisors lowered DT Midstream from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Mizuho increased their price objective on DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus increased their price objective on DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 1st.

DT Midstream Stock Up 0.3 %

Shares of DT Midstream stock opened at $71.03 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.71. DT Midstream has a 1 year low of $48.41 and a 1 year high of $71.85. The stock has a 50-day moving average price of $66.58 and a 200 day moving average price of $60.15. The company has a market cap of $6.90 billion, a P/E ratio of 17.32 and a beta of 0.73.

DT Midstream (NYSE:DTM) last issued its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. The company had revenue of $240.00 million for the quarter, compared to analyst estimates of $242.62 million. During the same period in the prior year, the firm posted $0.84 EPS. As a group, analysts expect that DT Midstream will post 3.94 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Monday, June 17th. DT Midstream’s dividend payout ratio (DPR) is currently 71.71%.

Insider Buying and Selling at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell bought 400 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $62.80 per share, with a total value of $25,120.00. Following the acquisition, the chief financial officer now directly owns 44,285 shares of the company’s stock, valued at approximately $2,781,098. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of DT Midstream

A number of hedge funds have recently modified their holdings of DTM. UBS Group AG lifted its position in shares of DT Midstream by 4.2% in the 3rd quarter. UBS Group AG now owns 87,259 shares of the company’s stock worth $4,618,000 after acquiring an additional 3,543 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of DT Midstream by 186.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 157,152 shares of the company’s stock worth $8,316,000 after buying an additional 102,255 shares during the period. Invesco Ltd. lifted its position in shares of DT Midstream by 6.0% during the 3rd quarter. Invesco Ltd. now owns 921,917 shares of the company’s stock worth $48,788,000 after buying an additional 52,188 shares during the period. Mariner LLC lifted its position in shares of DT Midstream by 10.6% during the 3rd quarter. Mariner LLC now owns 20,790 shares of the company’s stock worth $1,100,000 after buying an additional 1,985 shares during the period. Finally, Natixis Advisors L.P. lifted its position in shares of DT Midstream by 5.9% during the 3rd quarter. Natixis Advisors L.P. now owns 13,295 shares of the company’s stock worth $704,000 after buying an additional 743 shares during the period. Institutional investors own 81.53% of the company’s stock.

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.