Brokerages Set DT Midstream, Inc. (NYSE:DTM) PT at $102.00

DT Midstream, Inc. (NYSE:DTM) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $102.00.

Several brokerages recently issued reports on DTM. Raymond James boosted their price target on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. The Goldman Sachs Group increased their target price on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 19th. Stifel Nicolaus dropped their price target on DT Midstream from $106.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Barclays assumed coverage on shares of DT Midstream in a research note on Friday, January 10th. They set an “equal weight” rating and a $112.00 price objective on the stock.

DT Midstream Stock Performance

NYSE DTM opened at $93.65 on Friday. DT Midstream has a 12-month low of $57.16 and a 12-month high of $114.50. The firm has a 50-day moving average price of $102.13 and a two-hundred day moving average price of $93.66. The company has a market capitalization of $9.49 billion, a P/E ratio of 22.79 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

DT Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.82 per share. This is an increase from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.28 annualized dividend and a yield of 3.50%. DT Midstream’s payout ratio is presently 91.11%.

Institutional Investors Weigh In On DT Midstream

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in DT Midstream during the 3rd quarter worth $29,000. Bessemer Group Inc. boosted its stake in shares of DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of DT Midstream by 93.7% during the fourth 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 last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of DT Midstream in the third quarter valued at approximately $40,000. 81.53% of the stock is currently 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.