DT Midstream, Inc. (NYSE:DTM) Receives $103.45 Consensus PT from Analysts

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been given a consensus rating of "Hold" by the twelve analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $105.08.

A number of research analysts have weighed in on DTM shares. UBS Group upped their price objective on shares of DT Midstream from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley increased their price target on DT Midstream from $92.00 to $105.00 and gave the stock an "underweight" rating in a research report on Tuesday. Williams Trading set a $110.00 price objective on DT Midstream in a report on Monday, March 24th. JPMorgan Chase & Co. upped their target price on DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group increased 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.

Insider Transactions at DT Midstream

In other DT Midstream news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $86.92 per share, for a total transaction of $86,920.00. Following the acquisition, the director now owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 1,170 shares of company stock valued at $103,357. Corporate insiders own 0.21% of the company's stock.

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Institutional Investors Weigh In On DT Midstream

A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company's stock worth $30,000 after buying an additional 117 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company's stock worth $31,000 after acquiring an additional 160 shares during the period. Sound Income Strategies LLC boosted its position 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 valued at $34,000 after acquiring an additional 163 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of DT Midstream during the 3rd quarter valued at about $29,000. Finally, UMB Bank n.a. grew its holdings in shares of DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company's stock valued at $48,000 after purchasing an additional 167 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

Shares of NYSE:DTM traded down $0.09 during trading on Wednesday, hitting $96.89. 1,143,944 shares of the stock traded hands, compared to its average volume of 822,409. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $99.03 and a two-hundred day moving average price of $95.90. DT Midstream has a 52-week low of $60.54 and a 52-week high of $114.50. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.80.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream's dividend payout ratio is 91.11%.

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.