DT Midstream (NYSE:DTM) Price Target Raised to $74.00 at The Goldman Sachs Group

DT Midstream (NYSE:DTM - Free Report) had its price objective raised by The Goldman Sachs Group from $66.00 to $74.00 in a research note published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Morgan Stanley upped their price target on DT Midstream from $82.00 to $92.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Citigroup raised their price objective on DT Midstream from $62.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, September 4th. Barclays upped their target price on DT Midstream from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Stifel Nicolaus downgraded DT Midstream from a "buy" rating to a "hold" rating and increased their price target for the company from $78.00 to $89.00 in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $80.44.

DT Midstream Stock Up 2.6 %

DTM stock traded up $2.35 during mid-day trading on Tuesday, hitting $92.22. The stock had a trading volume of 704,959 shares, compared to its average volume of 641,712. DT Midstream has a 1-year low of $51.17 and a 1-year high of $92.47. The company has a fifty day moving average of $81.64 and a 200 day moving average of $73.73. 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 stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 22.44 and a beta of 0.71.

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 analysts' consensus estimates of $0.95 by ($0.05). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same quarter in the prior year, the company posted $0.94 EPS. On average, equities analysts expect that DT Midstream will post 3.96 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Monday, December 16th. DT Midstream's dividend payout ratio (DPR) is currently 71.53%.

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of DT Midstream by 76.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 759 shares of the company's stock valued at $46,000 after buying an additional 330 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of DT Midstream by 8.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,596 shares of the company's stock worth $403,000 after acquiring an additional 537 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of DT Midstream during the 1st quarter worth approximately $284,000. Texas Permanent School Fund Corp grew its holdings in shares of DT Midstream by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 84,868 shares of the company's stock worth $5,185,000 after purchasing an additional 1,158 shares in the last quarter. Finally, TFG Advisers LLC increased its position in shares of DT Midstream by 5.6% during the first quarter. TFG Advisers LLC now owns 5,688 shares of the company's stock valued at $348,000 after purchasing an additional 304 shares during the period. 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.