Stifel Nicolaus Cuts DT Midstream (NYSE:DTM) Price Target to $102.00

DT Midstream (NYSE:DTM) had its price target trimmed by Stifel Nicolaus from $106.00 to $102.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Barclays began coverage on shares of DT Midstream in a report on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective 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. Finally, Raymond James increased their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.00.

DT Midstream Trading Up 3.3 %

Shares of DT Midstream stock opened at $96.03 on Thursday. The company has a fifty day moving average of $102.63 and a 200 day moving average of $93.26. DT Midstream has a fifty-two week low of $57.12 and a fifty-two week high of $114.50. The company has a market capitalization of $9.33 billion, a P/E ratio of 23.37 and a beta of 0.79. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.42%. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio is currently 71.53%.

Institutional Trading of DT Midstream

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in DT Midstream in the 3rd quarter worth about $29,000. Bessemer Group Inc. raised its position in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the period. AdvisorNet Financial Inc raised its position in DT Midstream by 106.7% in the 4th quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC raised its position in DT Midstream by 93.7% in the 4th quarter. Sound Income Strategies LLC now owns 337 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in DT Midstream in the 3rd quarter worth about $40,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.