DT Midstream (NYSE:DTM) Downgraded to Hold Rating by Stifel Nicolaus

Stifel Nicolaus downgraded shares of DT Midstream (NYSE:DTM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat reports. The firm currently has $89.00 price target on the stock, up from their previous price target of $78.00.

Several other equities analysts have also issued reports on DTM. Wells Fargo & Company lifted their price target on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Citigroup raised their price target on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Morgan Stanley upped their price objective on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Barclays lifted their target price on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.75.

DT Midstream Trading Up 1.8 %

DTM opened at $90.94 on Wednesday. DT Midstream has a 12 month low of $51.17 and a 12 month high of $91.50. The stock has a fifty day moving average price of $80.83 and a 200-day moving average price of $73.07. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 22.13 and a beta of 0.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $242.64 million. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts anticipate that DT Midstream will post 3.99 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio is presently 71.53%.

Institutional Trading of DT Midstream

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in DT Midstream by 16.0% during the second quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $73,000 after purchasing an additional 142 shares during the period. TFG Advisers LLC raised its stake in shares of DT Midstream by 3.1% during the 3rd quarter. TFG Advisers LLC now owns 5,774 shares of the company’s stock valued at $454,000 after buying an additional 172 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of DT Midstream by 8.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 2,525 shares of the company’s stock valued at $199,000 after buying an additional 200 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of DT Midstream by 1.1% in the 2nd quarter. Raymond James & Associates now owns 18,148 shares of the company’s stock valued at $1,289,000 after buying an additional 201 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of DT Midstream by 39.8% in the second quarter. First Horizon Advisors Inc. now owns 787 shares of the company’s stock worth $56,000 after buying an additional 224 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other 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.