DT Midstream, Inc. (NYSE:DTM) Receives Average Recommendation of "Hold" from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $77.38.

Several equities analysts recently commented on DTM shares. Citigroup increased their price objective on shares of DT Midstream from $62.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. increased 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. Wells Fargo & Company increased their price objective on shares of DT Midstream from $77.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of DT Midstream from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Barclays raised their price target on shares of DT Midstream from $76.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd.

DT Midstream Price Performance

Shares of DT Midstream stock traded down $0.56 on Friday, reaching $87.39. 507,939 shares of the stock were exchanged, compared to its average volume of 636,301. The firm's 50 day moving average is $80.02 and its 200-day moving average is $72.59. DT Midstream has a one year low of $51.17 and a one year high of $88.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $8.49 billion, a PE ratio of 21.31 and a beta of 0.74.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The business had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, analysts anticipate that DT Midstream will post 3.99 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Monday, September 16th. DT Midstream's dividend payout ratio (DPR) is presently 71.71%.

Institutional Investors Weigh In On DT Midstream

Large investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in DT Midstream by 16.0% in the second quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock worth $73,000 after purchasing an additional 142 shares during the period. TFG Advisers LLC grew its holdings in DT Midstream by 3.1% in the third quarter. TFG Advisers LLC now owns 5,774 shares of the company's stock worth $454,000 after purchasing an additional 172 shares during the period. Raymond James & Associates grew its holdings in DT Midstream by 1.1% in the second 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 period. First Horizon Advisors Inc. grew its holdings in DT Midstream by 39.8% in the second quarter. First Horizon Advisors Inc. now owns 787 shares of the company's stock worth $56,000 after purchasing an additional 224 shares during the period. Finally, First Citizens Bank & Trust Co. grew its holdings in DT Midstream by 6.9% in the third quarter. First Citizens Bank & Trust Co. now owns 3,532 shares of the company's stock worth $278,000 after purchasing an additional 228 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.