DT Midstream (NYSE:DTM) Stock Price Expected to Rise, UBS Group Analyst Says

DT Midstream (NYSE:DTM - Free Report) had its target price upped by UBS Group from $102.00 to $115.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on DTM. Morgan Stanley upped their price objective on shares of DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research note on Tuesday, March 25th. The Goldman Sachs Group raised their price objective on DT Midstream from $74.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on DT Midstream from $109.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Raymond James raised their price target on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Barclays lowered their price target on DT Midstream from $112.00 to $107.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $105.08.

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DT Midstream Price Performance

Shares of NYSE:DTM traded down $0.25 on Thursday, hitting $96.51. The company had a trading volume of 1,429,275 shares, compared to its average volume of 824,826. 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 company has a market cap of $9.80 billion, a PE ratio of 23.48 and a beta of 0.80. DT Midstream has a 52-week low of $60.54 and a 52-week high of $114.50. The business has a 50 day moving average of $99.03 and a 200 day moving average of $96.05.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $0.82 per share. This is a boost from DT Midstream's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a dividend yield of 3.40%. DT Midstream's dividend payout ratio (DPR) is presently 91.11%.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the acquisition, the director now directly owns 38,653 shares in the company, valued at approximately $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders bought 1,170 shares of company stock worth $103,357. Corporate insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC grew its holdings in DT Midstream by 3.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,679 shares of the company's stock worth $1,633,000 after buying an additional 668 shares in the last quarter. Cerity Partners LLC grew its stake in shares of DT Midstream by 29.2% in the third quarter. Cerity Partners LLC now owns 13,996 shares of the company's stock worth $1,101,000 after purchasing an additional 3,161 shares in the last quarter. FMR LLC increased its holdings in shares of DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company's stock valued at $63,396,000 after purchasing an additional 754,839 shares during the period. Brooklyn Investment Group acquired a new position in shares of DT Midstream during the third quarter valued at $40,000. Finally, Townsquare Capital LLC raised its stake in shares of DT Midstream by 43.2% during the third quarter. Townsquare Capital LLC now owns 7,228 shares of the company's stock valued at $569,000 after purchasing an additional 2,181 shares in 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.