DT Midstream (NYSE:DTM) Given New $115.00 Price Target at JPMorgan Chase & Co.

DT Midstream (NYSE:DTM) had its price objective increased by JPMorgan Chase & Co. from $109.00 to $115.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently weighed in on DTM. 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 report on Thursday, November 21st. Morgan Stanley boosted their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price target 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. Stifel Nicolaus raised shares of DT Midstream from a “hold” rating to a “buy” rating and increased their target price for the company from $89.00 to $106.00 in a research note on Thursday, December 19th. Finally, Wells Fargo & Company lifted their target price on DT Midstream from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, DT Midstream currently has a consensus rating of “Hold” and an average target price of $99.88.

DT Midstream Stock Up 0.1 %

Shares of DT Midstream stock opened at $111.46 on Friday. The company’s 50 day moving average price is $104.05 and its 200-day moving average price is $88.48. DT Midstream has a 52-week low of $51.17 and a 52-week high of $114.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 27.12 and a beta of 0.79.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.05). The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $242.64 million. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. During the same period in the previous year, the company earned $0.94 earnings per share. Equities research analysts forecast that DT Midstream will post 3.84 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a dividend of $0.735 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 2.64%. DT Midstream’s dividend payout ratio is currently 71.53%.

Hedge Funds Weigh In On DT Midstream

A number of hedge funds have recently modified their holdings of DTM. Jennison Associates LLC increased its stake in shares of DT Midstream by 6.0% during the fourth quarter. Jennison Associates LLC now owns 232,217 shares of the company’s stock worth $23,089,000 after acquiring an additional 13,152 shares during the period. Catalina Capital Group LLC purchased a new stake in DT Midstream in the 4th quarter worth approximately $232,000. CENTRAL TRUST Co grew its holdings in DT Midstream by 14.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,621 shares of the company’s stock valued at $161,000 after buying an additional 204 shares during the period. Greenleaf Trust acquired a new stake in shares of DT Midstream during the 4th quarter worth $225,000. Finally, Spire Wealth Management raised its holdings in shares of DT Midstream by 242.8% in the 4th quarter. Spire Wealth Management now owns 1,385 shares of the company’s stock worth $138,000 after purchasing an additional 981 shares during the period. 81.53% of the stock is currently 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.