Brokerages Set DT Midstream, Inc. (NYSE:DTM) PT at $144.10

DT Midstream, Inc. (NYSE:DTM) has earned an average recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $144.10.

A number of equities analysts recently commented on DTM shares. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the company a “hold” rating in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. UBS Group lifted their price objective on DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Barclays lifted their price objective on DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Finally, Mizuho lifted their price objective on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th.

Insider Activity

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer owned 89,583 shares of the company’s stock, valued at $12,212,850.39. This represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in DTM. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. boosted its stake in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the period. Mather Group LLC. purchased a new position in shares of DT Midstream in the 3rd quarter valued at about $30,000. Centerpoint Advisors LLC raised its position in shares of DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after acquiring an additional 179 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $133.94 on Friday. The business has a 50-day moving average of $134.46 and a 200 day moving average of $122.34. DT Midstream has a 12 month low of $84.44 and a 12 month high of $143.67. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, February 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. The firm had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $320.07 million. During the same quarter last year, the business earned $0.94 earnings per share. As a group, sell-side analysts forecast that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, March 16th. This is a boost from DT Midstream’s previous quarterly dividend of $0.82. DT Midstream’s dividend payout ratio (DPR) is 81.67%.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.