Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $114.17

DT Midstream, Inc. (NYSE:DTM) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $115.0833.

DTM has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Wells Fargo & Company raised their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Mizuho increased their price objective on DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Barclays lifted their target price on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, UBS Group raised their target price on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 3rd.

Insider Activity

In related news, VP Melissa Cox sold 4,755 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the transaction, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DT Midstream

A number of large investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in DT Midstream by 50.3% during the 1st quarter. UMB Bank n.a. now owns 723 shares of the company’s stock worth $70,000 after purchasing an additional 242 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of DT Midstream by 24.7% in the first quarter. Farther Finance Advisors LLC now owns 1,495 shares of the company’s stock valued at $147,000 after acquiring an additional 296 shares in the last quarter. Yousif Capital Management LLC lifted its stake in DT Midstream by 2.3% in the first quarter. Yousif Capital Management LLC now owns 34,932 shares of the company’s stock worth $3,370,000 after acquiring an additional 776 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in DT Midstream by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,642 shares of the company’s stock worth $1,220,000 after acquiring an additional 812 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in DT Midstream by 59.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,848 shares of the company’s stock valued at $1,626,000 after purchasing an additional 6,271 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $110.06 on Friday. DT Midstream has a 12-month low of $83.30 and a 12-month high of $115.80. The company’s 50 day moving average price is $106.97 and its two-hundred day moving average price is $103.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $11.18 billion, a PE ratio of 29.51, a PEG ratio of 2.40 and a beta of 0.78.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The business had revenue of $299.00 million during the quarter, compared to analyst estimates of $295.70 million. During the same quarter last year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Equities research analysts predict that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is currently 87.94%.

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.