DT Midstream, Inc. (NYSE:DTM) Receives $123.25 Consensus PT from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $123.25.

Several research analysts have issued reports on DTM shares. Citigroup increased their target price on shares of DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus lifted their price objective on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a report on Friday, October 31st. UBS Group boosted their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Bank of America increased their target price on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th.

Institutional Trading of DT Midstream

Several hedge funds have recently modified their holdings of DTM. Allworth Financial LP grew its position in shares of DT Midstream by 13.7% in the 3rd quarter. Allworth Financial LP now owns 1,603 shares of the company’s stock worth $181,000 after buying an additional 193 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in DT Midstream by 76.0% in the third quarter. Swiss Life Asset Management Ltd now owns 4,628 shares of the company’s stock valued at $523,000 after acquiring an additional 1,999 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in DT Midstream by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock valued at $98,538,000 after acquiring an additional 63,438 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in DT Midstream in the third quarter worth $43,347,000. Finally, Coldstream Capital Management Inc. increased its position in shares of DT Midstream by 11.8% during the third quarter. Coldstream Capital Management Inc. now owns 3,005 shares of the company’s stock worth $340,000 after purchasing an additional 317 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Trading Up 0.0%

Shares of NYSE DTM opened at $120.81 on Friday. DT Midstream has a twelve month low of $83.30 and a twelve month high of $122.70. The firm has a market cap of $12.28 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The business has a fifty day simple moving average of $116.00 and a two-hundred day simple moving average of $109.50. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The firm had revenue of $314.00 million for the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter last year, the firm posted $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. DT Midstream’s dividend payout ratio (DPR) is presently 82.83%.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.