DT Midstream, Inc. (NYSE:DTM) Stock Has Consensus Target Price of $152.14 According to Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $152.14.

A number of equities analysts have weighed in on DTM shares. Jefferies Financial Group reduced their price objective on DT Midstream from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Weiss Ratings cut DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wolfe Research raised DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday, August 26th. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Scotiabank lowered their price objective on DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating on the stock in a research report on Thursday, September 10th.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $120.16 on Friday. The company has a 50 day simple moving average of $130.42 and a two-hundred day simple moving average of $137.51. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.33 and a beta of 0.72. 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 $104.99 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share 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 business had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same quarter in the previous year, the company earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts predict that DT Midstream will post 4.59 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, September 21st. DT Midstream’s payout ratio is currently 77.02%.

Institutional Trading of DT Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTM. QRG Capital Management Inc. increased its holdings in DT Midstream by 2.5% in the second quarter. QRG Capital Management Inc. now owns 5,814 shares of the company’s stock valued at $853,000 after buying an additional 140 shares in the last quarter. Premier Financial Group purchased a new stake in shares of DT Midstream during the 2nd quarter worth about $33,000. Sequoia Financial Advisors LLC grew its position in shares of DT Midstream by 3.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,376 shares of the company’s stock valued at $1,669,000 after acquiring an additional 422 shares during the period. Tidal Investments LLC grew its position in shares of DT Midstream by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 61,582 shares of the company’s stock valued at $9,037,000 after acquiring an additional 3,972 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of DT Midstream by 4.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,602 shares of the company’s stock valued at $529,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc is an independent energy company focused on developing, owning and operating natural gas infrastructure in the United States. Its business includes interstate and intrastate natural gas transportation, gathering and storage, providing critical connections between producers, utilities, power generators and other energy customers.

The company operates a portfolio of natural gas pipelines and gathering systems serving key producing and consuming regions, including the Midwest, Northeast, Mid-Atlantic and Gulf Coast.