Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $80.44

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned an average rating of "Hold" from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $84.78.

A number of research firms recently weighed in on DTM. Citigroup upgraded DT Midstream from a "neutral" rating to a "buy" rating and lifted their price target for the company from $90.00 to $115.00 in a research note on Thursday. Stifel Nicolaus downgraded shares of DT Midstream from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $78.00 to $89.00 in a report on Wednesday, October 30th. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. upped their price target on DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Finally, Morgan Stanley lifted their price objective on DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a report on Friday, October 25th.

DT Midstream Stock Down 0.3 %

Shares of NYSE:DTM opened at $102.73 on Thursday. 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 has a 1-year low of $51.17 and a 1-year high of $103.51. The firm has a fifty day moving average price of $87.07 and a 200 day moving average price of $76.67. The stock has a market cap of $9.98 billion, a P/E ratio of 24.99 and a beta of 0.71.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period in the prior year, the firm posted $0.94 earnings per share. Sell-side analysts predict that DT Midstream will post 3.96 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio is 71.53%.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in shares of DT Midstream by 1,223.2% in the first quarter. Cetera Investment Advisers now owns 54,107 shares of the company's stock valued at $3,306,000 after acquiring an additional 50,018 shares during the last quarter. Envestnet Asset Management Inc. raised its position in DT Midstream by 15.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 121,876 shares of the company's stock valued at $8,657,000 after purchasing an additional 16,171 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of DT Midstream by 31.9% during the third quarter. GSA Capital Partners LLP now owns 27,209 shares of the company's stock worth $2,140,000 after purchasing an additional 6,575 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of DT Midstream in the third quarter valued at $666,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of DT Midstream in the second quarter valued at $764,000. Institutional investors and hedge funds own 81.53% of the company's stock.

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.