DT Midstream (NYSE:DTM – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.30-$3.46 for the period, compared to the consensus earnings per share estimate of $3.60. The company issued revenue guidance of -.
DTM traded up $0.50 during midday trading on Monday, reaching $57.44. 24,454 shares of the company were exchanged, compared to its average volume of 632,234. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.35 and a current ratio of 2.35. DT Midstream has a one year low of $38.21 and a one year high of $59.36. The stock has a market capitalization of $5.56 billion and a P/E ratio of 17.95. The stock’s 50-day simple moving average is $55.23 and its 200 day simple moving average is $51.85.
DT Midstream (NYSE:DTM – Get Rating) last issued its earnings results on Friday, February 25th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.08. DT Midstream had a return on equity of 8.28% and a net margin of 36.13%. The firm had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $202.34 million. On average, research analysts anticipate that DT Midstream will post 3.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Monday, June 20th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, June 16th. DT Midstream’s dividend payout ratio (DPR) is currently 80.00%.
DTM has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut DT Midstream from a buy rating to a neutral rating and set a $58.00 target price on the stock. in a report on Friday, March 4th. Credit Suisse Group cut DT Midstream from an outperform rating to a neutral rating and lifted their price objective for the company from $55.00 to $58.00 in a report on Tuesday, March 8th. Zacks Investment Research cut DT Midstream from a buy rating to a hold rating in a report on Monday, May 23rd. Wells Fargo & Company lifted their price objective on DT Midstream from $57.00 to $58.00 and gave the company an overweight rating in a report on Monday, February 28th. Finally, Morgan Stanley lifted their price objective on DT Midstream from $54.00 to $60.00 and gave the company an underweight rating in a report on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $57.38.
Institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its position in shares of DT Midstream by 0.4% during the 4th quarter. Comerica Bank now owns 51,576 shares of the company’s stock worth $2,548,000 after purchasing an additional 226 shares during the last quarter. American Century Companies Inc. increased its position in shares of DT Midstream by 5.0% during the 1st quarter. American Century Companies Inc. now owns 5,889 shares of the company’s stock worth $320,000 after purchasing an additional 278 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of DT Midstream by 2.5% during the 1st quarter. Natixis Advisors L.P. now owns 14,265 shares of the company’s stock worth $774,000 after purchasing an additional 348 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of DT Midstream by 4.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,058 shares of the company’s stock worth $763,000 after purchasing an additional 551 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of DT Midstream during the 1st quarter worth approximately $30,000. 76.66% of the stock is currently owned by institutional investors and hedge funds.
DT Midstream Company Profile (Get Rating)
DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.
Read More
Receive News & Ratings for DT Midstream Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DT Midstream and related companies with MarketBeat.com’s FREE daily email newsletter.
from NYSE Updates – My Blog https://ift.tt/nFicEzA
via IFTTT
No comments:
Post a Comment