DT Midstream (NYSE:DTM) Price Target Raised to $115.00

DT Midstream (NYSE:DTM) had its price target increased by UBS Group from $102.00 to $115.00 in a research report sent to investors on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other brokerages have also issued reports on DTM. Wells Fargo & Company dropped their price target on shares of DT Midstream from $118.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Williams Trading set a $110.00 target price on DT Midstream in a research report on Monday, March 24th. 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 research note on Thursday, December 19th. Stifel Nicolaus decreased their price target on DT Midstream from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on DT Midstream from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $105.08.

DT Midstream Price Performance

Shares of NYSE DTM opened at $96.89 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $9.84 billion, a PE ratio of 23.57 and a beta of 0.80. The stock has a fifty day moving average price of $99.03 and a 200 day moving average price of $95.90. DT Midstream has a 1-year low of $60.54 and a 1-year high of $114.50.

DT Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.39%. This is a boost from DT Midstream’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Monday, March 17th. DT Midstream’s dividend payout ratio is presently 91.11%.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $86.92 per share, for a total transaction of $86,920.00. Following the completion of the transaction, the director now directly owns 38,653 shares of the company’s stock, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders acquired 1,170 shares of company stock worth $103,357. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its stake in shares of DT Midstream by 3.3% during the 3rd quarter. Pathstone Holdings LLC now owns 20,679 shares of the company’s stock worth $1,633,000 after purchasing an additional 668 shares during the period. Cerity Partners LLC lifted its position in DT Midstream by 29.2% during the third quarter. Cerity Partners LLC now owns 13,996 shares of the company’s stock worth $1,101,000 after buying an additional 3,161 shares during the period. FMR LLC lifted its position in DT Midstream by 1,476.9% during the third quarter. FMR LLC now owns 805,950 shares of the company’s stock worth $63,396,000 after buying an additional 754,839 shares during the period. Brooklyn Investment Group acquired a new stake in DT Midstream in the 3rd quarter worth about $40,000. Finally, Townsquare Capital LLC grew its holdings in DT Midstream by 43.2% in the 3rd quarter. Townsquare Capital LLC now owns 7,228 shares of the company’s stock valued at $569,000 after buying an additional 2,181 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.