DT Midstream (NYSE:DTM) Price Target Raised to $65.00

DT Midstream (NYSE:DTM) had its target price upped by Mizuho from $57.00 to $65.00 in a research note released on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on the company. Barclays raised their price target on DT Midstream from $59.00 to $66.00 and gave the company an overweight rating in a research note on Friday, April 5th. Wolfe Research raised DT Midstream from an underperform rating to a peer perform rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, DT Midstream has an average rating of Hold and an average target price of $61.50.

DT Midstream Stock Down 0.9 %

DTM stock opened at $61.64 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $60.35 and a two-hundred day moving average price of $56.70. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 15.60 and a beta of 0.73. DT Midstream has a twelve month low of $45.10 and a twelve month high of $64.69.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $240.00 million during the quarter, compared to the consensus estimate of $242.62 million. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. During the same period last year, the company earned $0.84 earnings per share. Analysts anticipate that DT Midstream will post 3.95 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a $0.735 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.77%. DT Midstream’s payout ratio is 74.43%.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $56.87 per share, with a total value of $56,870.00. Following the acquisition, the director now owns 37,289 shares in the company, valued at approximately $2,120,625.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Trading of DT Midstream

Hedge funds have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in DT Midstream during the 4th quarter worth approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in DT Midstream in the 4th quarter valued at $25,000. Mather Group LLC. acquired a new position in DT Midstream in the 1st quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new position in DT Midstream in the 4th quarter valued at $32,000. Finally, Burkett Financial Services LLC acquired a new position in DT Midstream in the 4th quarter valued at $42,000. 81.53% of the stock is owned by institutional investors and hedge funds.

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.