DT Midstream (NYSE:DTM) Price Target Raised to $78.00 at JPMorgan Chase & Co.

DT Midstream (NYSE:DTM) had its price objective raised by JPMorgan Chase & Co. from $75.00 to $78.00 in a research note released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on DTM. US Capital Advisors cut shares of DT Midstream from an overweight rating to a hold rating in a report on Monday, April 29th. Wells Fargo & Company lifted their price target on DT Midstream from $77.00 to $87.00 and gave the company an overweight rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on DT Midstream from $70.00 to $78.00 and gave the stock a buy rating in a research note on Wednesday. Mizuho raised 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. Finally, Barclays boosted their price target on shares of DT Midstream from $66.00 to $72.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $70.00.

DT Midstream Price Performance

Shares of NYSE DTM opened at $72.86 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market capitalization of $7.08 billion, a PE ratio of 17.77 and a beta of 0.74. DT Midstream has a 1-year low of $50.54 and a 1-year high of $76.35. The business’s fifty day moving average price is $70.40 and its two-hundred day moving average price is $63.19.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $236.83 million. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. During the same quarter last year, the company earned $0.93 EPS. On average, research analysts expect that DT Midstream will post 3.9 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Monday, September 16th. DT Midstream’s dividend payout ratio is currently 71.71%.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. acquired a new stake in shares of DT Midstream during the 4th quarter valued at $25,000. HHM Wealth Advisors LLC acquired a new stake in DT Midstream during the fourth quarter valued at $25,000. Family Firm Inc. acquired a new position in DT Midstream in the 2nd quarter worth about $26,000. Mather Group LLC. purchased a new stake in shares of DT Midstream during the 1st quarter worth about $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of DT Midstream during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors 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.