DT Midstream, Inc. (NYSE:DTM) Receives Consensus Rating of "Hold" from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have received a consensus recommendation of "Hold" from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two equities research 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 price objective among analysts that have issued ratings on the stock in the last year is $84.78.

A number of analysts have recently issued reports on DTM shares. Morgan Stanley lifted their price objective 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. Stifel Nicolaus lowered DT Midstream from a "buy" rating to a "hold" rating and lifted their price target for the stock from $78.00 to $89.00 in a research note on Wednesday, October 30th. Barclays increased their price objective on DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Citigroup raised DT Midstream from a "neutral" rating to a "buy" rating and raised their price objective for the company from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price target on shares of DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st.

DT Midstream Price Performance

NYSE:DTM traded down $0.56 during trading hours on Monday, hitting $99.32. The stock had a trading volume of 696,775 shares, compared to its average volume of 680,375. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 24.17 and a beta of 0.77. DT Midstream has a one year low of $51.17 and a one year high of $109.85. The company has a 50 day simple moving average of $95.85 and a two-hundred day simple moving average of $81.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95.

DT Midstream (NYSE:DTM - Get Free Report) 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). The business had revenue of $248.00 million for the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.94 earnings per share. Research analysts forecast that DT Midstream will post 3.84 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

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 2.96%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio is 71.53%.

Institutional Trading of DT Midstream

Several large investors have recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in 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 in the last quarter. Family Firm Inc. bought a new stake in shares of DT Midstream during the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream during the third quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new position in DT Midstream in the third quarter worth about $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in DT Midstream in the second quarter worth about $31,000. 81.53% of the stock is owned by institutional investors.

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.