DT Midstream, Inc. (DTM) – What Are Analysts Thinking About This Stock?

DT Midstream, Inc. (NYSE:DTM) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $151.36.

Several analysts recently weighed in on DTM shares. Morgan Stanley cut their price objective on shares of DT Midstream from $170.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Barclays decreased their target price on shares of DT Midstream from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Bank of America restated a “buy” rating on shares of DT Midstream in a research note on Monday. JPMorgan Chase & Co. lifted their price target on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price target on shares of DT Midstream in a report on Thursday, October 15th.

DT Midstream Trading Up 2.5%

NYSE:DTM opened at $126.98 on Thursday. DT Midstream has a 12-month low of $105.24 and a 12-month high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $126.23 and a 200 day simple moving average of $134.46. The firm has a market capitalization of $12.95 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.47 and a beta of 0.72.

DT Midstream (NYSE:DTM) last posted 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 company had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same quarter in the previous year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts predict that DT Midstream will post 4.57 EPS for the current year.

DT Midstream Announces Dividend

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

Institutional Trading of DT Midstream

Several hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its stake in shares of DT Midstream by 4.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,093 shares of the company’s stock worth $489,000 after purchasing an additional 178 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in DT Midstream by 4.4% in the third quarter. Center for Financial Planning Inc. now owns 2,497 shares of the company’s stock worth $298,000 after purchasing an additional 106 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in DT Midstream by 6.8% in the third quarter. Miller Howard Investments Inc. NY now owns 224,383 shares of the company’s stock worth $26,807,000 after purchasing an additional 14,259 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in DT Midstream by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 319,956 shares of the company’s stock valued at $38,225,000 after buying an additional 1,884 shares in the last quarter. Finally, Signaturefd LLC grew its position in DT Midstream by 5.8% in the 3rd quarter. Signaturefd LLC now owns 2,719 shares of the company’s stock valued at $325,000 after buying an additional 149 shares in the last quarter. 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.