DT Midstream, Inc. (NYSE:DTM) Receives $123.67 Average PT from Brokerages

DT Midstream, Inc. (NYSE:DTM) has earned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $123.6667.

Several analysts have issued reports on DTM shares. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday. Citigroup raised their price target on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group upped their price objective on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus increased their target price on DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Bank of America upped 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.

Institutional Trading of DT Midstream

A number of large investors have recently modified their holdings of DTM. 59 North Capital Management LP purchased a new position in DT Midstream during the 2nd quarter worth $226,757,000. Norges Bank purchased a new position in shares of DT Midstream during the second quarter valued at $143,743,000. Merewether Investment Management LP raised its holdings in shares of DT Midstream by 192.4% in the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after acquiring an additional 658,400 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in DT Midstream in the third quarter worth about $43,347,000. Finally, Holocene Advisors LP lifted its stake in DT Midstream by 117.7% in the third quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock worth $62,642,000 after acquiring an additional 299,609 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 0.7%

Shares of DTM opened at $122.32 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $119.18 and a 200 day moving average of $111.14. The company has a market cap of $12.44 billion, a PE ratio of 30.89, a P/E/G ratio of 2.16 and a beta of 0.76. DT Midstream has a 52-week low of $83.30 and a 52-week high of $122.70.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share 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 quarter in the prior 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 expect that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 15th. DT Midstream’s dividend payout ratio is currently 82.83%.

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.