DT Midstream, Inc. (NYSE:DTM) Receives $139.64 Average Target Price from Analysts

DT Midstream, Inc. (NYSE:DTM) has received an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $141.00.

A number of analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Jefferies Financial Group set a $148.00 target price on shares of DT Midstream and gave the stock a “buy” rating in a report on Friday, February 20th. Barclays boosted their target price on shares of DT Midstream from $119.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. UBS Group upped their price target on shares of DT Midstream from $128.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Wells Fargo & Company raised their price target on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday.

Insider Buying and Selling

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the acquisition, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently bought and sold shares of DTM. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 4th quarter valued at $28,000. Richardson Financial Services Inc. raised its position in shares of DT Midstream by 62.7% during the fourth 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 last quarter. Mather Group LLC. acquired a new position in shares of DT Midstream during the third quarter valued at about $30,000. Centerpoint Advisors LLC lifted its stake in shares of 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 buying an additional 179 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in DT Midstream during the fourth quarter worth about $30,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $137.58 on Wednesday. The business’s 50-day simple moving average is $129.16 and its 200-day simple moving average is $118.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. DT Midstream has a 52 week low of $83.30 and a 52 week high of $143.67. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 2.79 and a beta of 0.75.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.The company had revenue of $317.00 million during the quarter, compared to analyst estimates of $320.07 million. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a $0.88 dividend. This is an increase from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. DT Midstream’s payout ratio is 76.10%.

DT Midstream Company Profile

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.