DT Midstream (NYSE:DTM) Price Target Raised to $94.00 at The Goldman Sachs Group

DT Midstream (NYSE:DTM - Free Report) had its price target lifted by The Goldman Sachs Group from $74.00 to $94.00 in a report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of DT Midstream from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Stifel Nicolaus raised shares of DT Midstream from a "hold" rating to a "buy" rating and upped their price target for the company from $89.00 to $106.00 in a research report on Thursday. Citigroup raised shares of DT Midstream from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Finally, Barclays boosted their target price on shares of DT Midstream from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $88.89.

DT Midstream Stock Up 2.2 %

DTM traded up $2.12 during trading on Thursday, hitting $97.53. 1,149,711 shares of the company's stock traded hands, compared to its average volume of 684,145. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 23.73 and a beta of 0.77. The company's 50 day simple moving average is $96.38 and its two-hundred day simple moving average is $81.83. DT Midstream has a 12-month low of $51.17 and a 12-month high of $109.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream (NYSE:DTM - Get Free Report) last released 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 business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $242.64 million. During the same period last year, the business earned $0.94 earnings per share. Analysts predict that DT Midstream will post 3.84 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream's dividend payout ratio (DPR) is 71.53%.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock worth $25,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. purchased a new stake in DT Midstream during the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the 3rd quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DT Midstream during the third quarter valued at approximately $29,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of DT Midstream in the second quarter worth $31,000. Hedge funds and other 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.