DT Midstream (NYSE:DTM) Given New $107.00 Price Target at Barclays

DT Midstream (NYSE:DTM) had its target price decreased by Barclays from $112.00 to $107.00 in a research note released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group raised their price target on DT Midstream from $74.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 19th. Raymond James lifted their target price on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $115.00 in a research note on Thursday, November 21st. Finally, Wells Fargo & Company lowered their target price on DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.50.

DT Midstream Trading Down 2.4 %

NYSE:DTM opened at $96.88 on Friday. The stock’s 50 day moving average price is $100.10 and its 200 day moving average price is $94.96. The company has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. 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 has a 52-week low of $59.00 and a 52-week high of $114.50.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $0.82 dividend. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, March 17th. DT Midstream’s dividend payout ratio (DPR) is currently 91.11%.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now owns 38,653 shares in the company, valued at $3,359,718.76. This trade represents a 2.66 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 1,170 shares of company stock valued at $103,357 in the last three months. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DT Midstream

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in DT Midstream by 61.6% during the fourth quarter. Bessemer Group Inc. now owns 307 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in DT Midstream by 106.7% during the fourth quarter. AdvisorNet Financial Inc now owns 310 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC raised its holdings in 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. Wilmington Savings Fund Society FSB acquired a new position in DT Midstream during the third quarter worth $29,000. Finally, UMB Bank n.a. increased its position in DT Midstream by 53.2% during the fourth quarter. UMB Bank n.a. now owns 481 shares of the company’s stock worth $48,000 after buying an additional 167 shares in the last quarter. 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.