Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $123.25

DT Midstream, Inc. (NYSE:DTM) has been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $123.25.

Several equities research analysts recently weighed in on DTM shares. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on shares of DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 price objective for the company. Morgan Stanley increased their target price on shares of DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Barclays lifted their price target 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, Bank of America upped their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, December 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new stake in shares of DT Midstream in the first quarter valued at approximately $29,000. Mather Group LLC. acquired a new stake in DT Midstream during the 3rd quarter worth $30,000. Centerpoint Advisors LLC boosted its stake in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the period. First Horizon Corp purchased a new position in DT Midstream during the 3rd quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in DT Midstream in the second quarter valued at $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM stock opened at $120.55 on Friday. The company has a market cap of $12.26 billion, a P/E ratio of 30.44, a PEG ratio of 2.32 and a beta of 0.76. The firm has a fifty day moving average price of $115.53 and a 200 day moving average price of $109.30. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream has a 12 month low of $83.30 and a 12 month high of $122.70.

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

DT Midstream Announces Dividend

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