DT Midstream (NYSE:DTM) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of DT Midstream (NYSE:DTM) from a hold rating to a sell rating in a report published on Saturday.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. increased their price target on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Scotiabank initiated coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 target price on the stock. Barclays boosted their price target on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. The Goldman Sachs Group raised their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. Finally, UBS Group raised their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.08.

DT Midstream Stock Down 1.8%

DTM stock opened at $135.56 on Friday. The firm has a market cap of $13.83 billion, a PE ratio of 29.66, a P/E/G ratio of 3.02 and a beta of 0.72. DT Midstream has a 12 month low of $100.48 and a 12 month high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $143.48 and a 200 day simple moving average of $138.06.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period in the prior year, the company posted $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 4.73 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

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

Institutional Investors Weigh In On DT Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in DT Midstream in the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. increased its position 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 buying an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of DT Midstream during the 4th quarter valued at about $30,000. Western Wealth Management LLC acquired a new position in shares of DT Midstream during the 1st quarter valued at about $32,000. Finally, WFA of San Diego LLC acquired a new position in DT Midstream during the second quarter valued at approximately $33,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

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.