DT Midstream, Inc. (NYSE:DTM) Receives $104.67 Consensus PT from Analysts

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $104.67.

Several equities analysts recently commented on DTM shares. Wells Fargo & Company dropped their price target on shares of DT Midstream from $118.00 to $108.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Morgan Stanley increased their target price on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 25th. US Capital Advisors upgraded DT Midstream from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Stifel Nicolaus decreased their price objective on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th.

DT Midstream Trading Up 1.6 %

DTM traded up $1.51 during midday trading on Friday, hitting $98.43. The company's stock had a trading volume of 49,749 shares, compared to its average volume of 846,593. The firm has a market cap of $10.00 billion, a P/E ratio of 23.94 and a beta of 0.77. DT Midstream has a 52-week low of $61.01 and a 52-week high of $114.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $95.06 and a two-hundred day moving average price of $97.76.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio is 91.11%.

Insiders Place Their Bets

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company's stock.

Institutional Trading of DT Midstream

Several institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management purchased a new stake in DT Midstream in the 1st quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in DT Midstream during the third quarter valued at $29,000. Bessemer Group Inc. grew its stake in DT Midstream by 61.6% in the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. AdvisorNet Financial Inc increased its position in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of DT Midstream by 93.7% during the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company's stock worth $34,000 after purchasing an additional 163 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.