DT Midstream (NYSE:DTM) Given New $70.00 Price Target at Stifel Nicolaus

DT Midstream (NYSE:DTM) had its price target lifted by Stifel Nicolaus from $62.00 to $70.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Barclays boosted 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. Mizuho upped their target price on DT Midstream from $57.00 to $65.00 and gave the company a neutral rating in a research note on Monday, April 29th. Wolfe Research raised DT Midstream from an underperform rating to a peer perform rating in a research report on Tuesday, February 20th. Finally, US Capital Advisors lowered shares of DT Midstream from an overweight rating to a hold rating in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $61.50.

DT Midstream Stock Up 0.5 %

DTM opened at $62.93 on Wednesday. The business has a 50 day moving average of $60.57 and a 200-day moving average of $56.77. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 15.35 and a beta of 0.72. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.71. DT Midstream has a 1-year low of $45.10 and a 1-year high of $64.69.

DT Midstream (NYSE:DTM) last issued 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 net margin of 42.46% and a return on equity of 9.41%. During the same period in the prior year, the firm earned $0.84 EPS. As a group, sell-side analysts anticipate that DT Midstream will post 3.93 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.735 per share. The ex-dividend date is Friday, June 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.67%. DT Midstream’s payout ratio is presently 71.71%.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the transaction, the director now directly owns 37,289 shares of the company’s stock, valued at approximately $2,120,625.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DT Midstream

A number of large investors have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. acquired a new position in DT Midstream in the fourth quarter worth $25,000. HHM Wealth Advisors LLC bought a new position in shares of DT Midstream in the fourth quarter valued at about $25,000. Mather Group LLC. acquired a new position in DT Midstream during the 1st quarter worth about $29,000. ICA Group Wealth Management LLC bought a new stake in DT Midstream during the 4th quarter worth about $32,000. Finally, Burkett Financial Services LLC bought a new position in shares of DT Midstream in the fourth quarter worth about $42,000. 81.53% of the stock is currently owned by institutional investors.

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.