DT Midstream (NYSE:DTM) Reaches New 12-Month High at $77.29

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.29 and last traded at $77.20, with a volume of 11433 shares changing hands. The stock had previously closed at $76.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DTM shares. US Capital Advisors downgraded DT Midstream from an "overweight" rating to a "hold" rating in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on DT Midstream from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on DT Midstream from $75.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Barclays upped their target price on DT Midstream from $66.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their target price on DT Midstream from $77.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $70.00.

DT Midstream Trading Down 0.5 %

The business has a 50 day simple moving average of $72.31 and a two-hundred day simple moving average of $65.48. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 18.66 and a beta of 0.74.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. During the same quarter last year, the business posted $0.93 EPS. As a group, equities analysts anticipate that DT Midstream, Inc. will post 3.9 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Monday, September 16th. DT Midstream's dividend payout ratio is presently 71.71%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in DT Midstream by 16.0% during the 2nd quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock worth $73,000 after buying an additional 142 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company's stock worth $1,289,000 after purchasing an additional 201 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of DT Midstream by 21.3% in the 1st quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $72,000 after purchasing an additional 208 shares during the last quarter. Azimuth Capital Investment Management LLC lifted its holdings in shares of DT Midstream by 3.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 6,289 shares of the company's stock worth $345,000 after purchasing an additional 209 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of DT Midstream by 1.2% in the 4th quarter. Commerce Bank now owns 18,815 shares of the company's stock worth $1,031,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

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.