DT Midstream (NYSE:DTM) Price Target Raised to $132.00

DT Midstream (NYSE:DTM) had its price objective boosted by Bank of America from $118.00 to $132.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. UBS Group raised their price target on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Mizuho boosted their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus lifted their target price on shares of DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.77.

DT Midstream Trading Up 1.2%

Shares of DTM opened at $120.98 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. DT Midstream has a 1-year low of $83.30 and a 1-year high of $122.70. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.76. The firm has a 50 day simple moving average of $113.92 and a 200-day simple moving average of $108.33.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter in the prior year, the firm earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities analysts forecast that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s payout ratio is presently 82.83%.

Institutional Investors Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of DT Midstream in the 3rd quarter valued at approximately $30,000. Centerpoint Advisors LLC raised its holdings in DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. First Horizon Corp acquired a new stake in DT Midstream in the third quarter valued at $32,000. Root Financial Partners LLC bought a new position in DT Midstream during the 3rd quarter valued at $33,000. Finally, Westside Investment Management Inc. grew its holdings in DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other 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.