DT Midstream, Inc. (NYSE:DTM) Short Interest Update

DT Midstream, Inc. (NYSE:DTM - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,840,000 shares, a growth of 8.0% from the November 30th total of 2,630,000 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 849,700 shares, the short-interest ratio is presently 3.3 days.

DT Midstream Price Performance

DTM stock traded up $2.32 during mid-day trading on Thursday, reaching $101.75. 699,887 shares of the company traded hands, compared to its average volume of 699,900. The company has a fifty day moving average price of $99.22 and a 200-day moving average price of $84.07. DT Midstream has a 52-week low of $51.17 and a 52-week high of $109.85. The company has a market capitalization of $9.89 billion, a P/E ratio of 24.76 and a beta of 0.77. 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 issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 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 for the quarter, compared to analysts' expectations of $242.64 million. During the same period in the prior year, the firm posted $0.94 EPS. As a group, analysts anticipate that DT Midstream will post 3.84 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.89%. DT Midstream's dividend payout ratio (DPR) is presently 71.53%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. The Goldman Sachs Group boosted their target price on DT Midstream from $74.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 19th. Barclays increased their price target on DT Midstream from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Citigroup upgraded DT Midstream from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, DT Midstream currently has a consensus rating of "Hold" and an average price target of $88.89.

Institutional Investors Weigh In On DT Midstream

Several large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company's stock worth $25,000 after buying an additional 240 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in DT Midstream in the third quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new position in DT Midstream in the third quarter worth $29,000. Brooklyn Investment Group purchased a new stake in DT Midstream during the third quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new stake in DT Midstream during the second quarter valued at about $48,000. Institutional investors 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.