DT Midstream (NYSE:DTM) Shares Break Above Fifty Day Moving Average – Here’s What Happened

DT Midstream, Inc. (NYSE:DTM)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $126.23 and traded as high as $127.20. DT Midstream shares last traded at $126.9780, with a volume of 918,181 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on DTM shares. Scotiabank set a $165.00 target price on DT Midstream in a report on Thursday, October 15th. The Goldman Sachs Group reissued a “sell” rating and issued a $121.00 price target on shares of DT Midstream in a report on Wednesday, October 14th. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Barclays decreased their price objective on DT Midstream from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Finally, Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Wednesday, August 26th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and an average price target of $151.36.

DT Midstream Stock Up 2.5%

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The firm has a market cap of $12.95 billion, a PE ratio of 27.79, a P/E/G ratio of 3.47 and a beta of 0.72. The firm’s 50 day moving average is $126.23 and its 200-day moving average is $134.46.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The firm had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. During the same quarter last year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts expect that DT Midstream, Inc. will post 4.57 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, September 21st were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 21st. DT Midstream’s dividend payout ratio is currently 77.02%.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Chickasaw Capital Management LLC increased its stake in DT Midstream by 38.0% in the third quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock valued at $62,430,000 after purchasing an additional 143,766 shares during the last quarter. Edgestream Partners L.P. lifted its position in DT Midstream by 1,501.5% during the first quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock worth $13,963,000 after buying an additional 97,209 shares during the period. NEOS Investment Management LLC boosted its stake in DT Midstream by 50.6% in the 2nd quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock worth $30,869,000 after buying an additional 70,650 shares during the last quarter. Ancora Advisors LLC acquired a new stake in DT Midstream in the 2nd quarter worth about $7,362,000. Finally, Dorsey Wright & Associates boosted its stake in DT Midstream by 63.6% in the 1st quarter. Dorsey Wright & Associates now owns 102,768 shares of the company’s stock worth $13,840,000 after buying an additional 39,958 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.