DT Midstream, Inc. (NYSE:DTM) Given Consensus Rating of “Hold” by Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $105.08.

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on DT Midstream from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their target price on DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 25th. Barclays decreased their price target on shares of DT Midstream from $112.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Raymond James upped their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 24th.

DT Midstream Stock Down 0.1 %

Shares of NYSE:DTM opened at $96.89 on Wednesday. The firm has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream has a 52-week low of $60.54 and a 52-week high of $114.50. The firm has a fifty day moving average of $99.03 and a 200 day moving average of $96.05.

DT Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $0.82 dividend. 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 dividend on an annualized basis and a dividend yield of 3.39%. DT Midstream’s payout ratio is presently 91.11%.

Insider Activity

In other DT Midstream news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares of the company’s stock, valued at approximately $3,359,718.76. This represents a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders bought 1,170 shares of company stock valued at $103,357. Insiders own 0.04% of the company’s stock.

Institutional Trading of DT Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTM. Bessemer Group Inc. increased its position in DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of DT Midstream by 106.7% during the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of DT Midstream by 93.7% during the fourth quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock valued at $34,000 after buying an additional 163 shares during the period. Wilmington Savings Fund Society FSB bought a new position in DT Midstream in the third quarter worth about $29,000. Finally, UMB Bank n.a. lifted its holdings in DT Midstream by 53.2% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares during the period. 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.