Brokerages Set DT Midstream, Inc. (NYSE:DTM) Target Price at $102.00

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been given a consensus rating of "Hold" by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.00.

DTM has been the topic of several recent analyst reports. The Goldman Sachs Group upped their target price on DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 19th. Barclays began coverage on DT Midstream in a research note on Friday, January 10th. They issued an "equal weight" rating and a $112.00 target price on the stock. Raymond James upped their target price on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Wells Fargo & Company lowered their price target on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Citigroup raised DT Midstream from a "neutral" rating to a "buy" rating and increased their target price for the company from $90.00 to $115.00 in a report on Thursday, November 21st.

Institutional Trading of DT Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in DT Midstream by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 10,553,782 shares of the company's stock valued at $1,049,363,000 after buying an additional 359,017 shares in the last quarter. State Street Corp increased its position in DT Midstream by 6.4% in the 3rd quarter. State Street Corp now owns 3,385,579 shares of the company's stock valued at $268,757,000 after acquiring an additional 202,447 shares during the period. Deutsche Bank AG increased its position in DT Midstream by 5.5% in the 4th quarter. Deutsche Bank AG now owns 2,831,830 shares of the company's stock valued at $281,569,000 after acquiring an additional 147,790 shares during the period. Geode Capital Management LLC boosted its holdings in DT Midstream by 18.7% in the 4th quarter. Geode Capital Management LLC now owns 2,452,948 shares of the company's stock valued at $243,948,000 after purchasing an additional 386,670 shares in the last quarter. Finally, Blackstone Inc. boosted its holdings in DT Midstream by 2,783.1% in the 4th quarter. Blackstone Inc. now owns 1,631,285 shares of the company's stock valued at $162,199,000 after purchasing an additional 1,574,705 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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DT Midstream Stock Down 1.4 %

Shares of DTM traded down $1.29 during trading hours on Friday, hitting $93.30. The company had a trading volume of 1,459,015 shares, compared to its average volume of 732,946. The company has a market capitalization of $9.46 billion, a PE ratio of 22.70 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a one year low of $57.16 and a one year high of $114.50. The company's fifty day moving average price is $102.31 and its two-hundred day moving average price is $93.66.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $0.82 dividend. The ex-dividend date is Monday, March 17th. This is a boost from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a yield of 3.52%. DT Midstream's dividend payout ratio (DPR) is currently 91.11%.

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.