DT Midstream, Inc. (NYSE:DTM) Given Consensus Rating of "Hold" by Analysts

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $95.88.

DTM has been the subject of a number of recent analyst reports. Stifel Nicolaus raised DT Midstream from a "hold" rating to a "buy" rating and upped their price objective for the stock from $89.00 to $106.00 in a research note on Thursday, December 19th. Citigroup upgraded DT Midstream from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $90.00 to $115.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their target price on DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 19th.

Institutional Investors Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently modified their holdings of the business. Chickasaw Capital Management LLC raised its holdings in shares of DT Midstream by 4.8% in the fourth quarter. Chickasaw Capital Management LLC now owns 317,231 shares of the company's stock worth $31,542,000 after buying an additional 14,631 shares during the period. Advance Capital Management Inc. bought a new position in DT Midstream in the fourth quarter worth approximately $296,000. GAMMA Investing LLC grew its stake in DT Midstream by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 3,985 shares of the company's stock worth $396,000 after purchasing an additional 1,388 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in DT Midstream in the third quarter worth approximately $29,000. Finally, Sanctuary Advisors LLC grew its stake in DT Midstream by 14.6% in the third quarter. Sanctuary Advisors LLC now owns 4,695 shares of the company's stock worth $369,000 after purchasing an additional 597 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

Shares of DTM stock traded down $1.95 on Friday, reaching $103.81. The stock had a trading volume of 817,105 shares, compared to its average volume of 748,401. The stock has a market cap of $10.09 billion, a P/E ratio of 25.26 and a beta of 0.79. DT Midstream has a 1 year low of $51.17 and a 1 year high of $109.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day simple moving average of $101.32 and a 200 day simple moving average of $85.66.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The company had revenue of $248.00 million for the quarter, compared to analysts' expectations of $242.64 million. DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. During the same quarter last year, the firm posted $0.94 earnings per share. Equities research analysts expect that DT Midstream will post 3.84 EPS for the current year.

DT Midstream Dividend Announcement

The business 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 dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a yield of 2.83%. DT Midstream's dividend payout ratio (DPR) is presently 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.