DT Midstream, Inc. (NYSE:DTM) Receives $154.08 Average PT from Analysts

DT Midstream, Inc. (NYSE:DTM) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $154.0769.

DTM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Wall Street Zen cut DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Jefferies Financial Group set a $155.00 price target on DT Midstream in a research note on Friday, July 31st. Barclays upped their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th.

Institutional Trading of DT Midstream

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in DT Midstream in the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. lifted its stake in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in DT Midstream during the fourth quarter worth $30,000. Western Wealth Management LLC acquired a new stake in shares of DT Midstream in the 1st quarter valued at $32,000. Finally, WFA of San Diego LLC bought a new position in shares of DT Midstream in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Up 1.0%

Shares of DTM opened at $136.07 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 12 month low of $100.48 and a 12 month high of $152.88. The firm’s 50 day moving average is $142.23 and its 200-day moving average is $138.77. The stock has a market capitalization of $13.88 billion, a PE ratio of 29.77, a P/E/G ratio of 3.04 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly 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). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The company had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. During the same period in the prior year, the company earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts forecast that DT Midstream will post 4.59 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio is 77.02%.

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.