DT Midstream (NYSE:DTM) Sets New 52-Week High – Time to Buy?

DT Midstream, Inc. (NYSE:DTM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $122.70 and last traded at $121.2650, with a volume of 34889 shares. The stock had previously closed at $120.03.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DTM. Barclays boosted their price objective on DT Midstream from $114.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of DT Midstream from $121.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. UBS Group lifted their target price on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Bank of America increased their price target on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, DT Midstream has an average rating of “Moderate Buy” and a consensus target price of $123.67.

DT Midstream Stock Up 0.7%

The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.13 and a beta of 0.76. The business’s 50 day moving average is $119.05 and its 200-day moving average is $110.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92.

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

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a $0.82 dividend. The ex-dividend date was 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%.

Institutional Trading of DT Midstream

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after purchasing an additional 16,043 shares during the period. NewEdge Advisors LLC increased its holdings in DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after purchasing an additional 218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DT Midstream by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after purchasing an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after buying an additional 123 shares during the period. Finally, UMB Bank n.a. boosted its holdings in DT Midstream by 52.1% during the 2nd quarter. UMB Bank n.a. now owns 1,100 shares of the company’s stock valued at $121,000 after acquiring an additional 377 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

About DT Midstream

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.