DT Midstream, Inc. (NYSE:DTM) Receives $153.43 Consensus PT from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $153.4286.

Several brokerages recently weighed in on DTM. Mizuho cut their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wolfe Research upgraded shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Wednesday, August 26th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Scotiabank assumed coverage on DT Midstream in a research note on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective on the stock. Finally, Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $129.45 on Wednesday. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 3.62 and a beta of 0.70. 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 business has a 50-day moving average of $137.98 and a 200 day moving average of $139.15. DT Midstream has a 12 month low of $102.43 and a 12 month high of $152.88.

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 business had revenue of $332.57 million for the quarter, compared to analysts’ expectations of $325.84 million. During the same quarter last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts forecast that DT Midstream will post 4.55 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.7%. DT Midstream’s dividend payout ratio is 77.02%.

Hedge Funds Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in DT Midstream by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 513,541 shares of the company’s stock worth $61,462,000 after acquiring an additional 13,212 shares during the last quarter. Deutsche Bank AG increased its position in shares of DT Midstream by 6.9% in the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares during the last quarter. UBS Group AG raised its holdings in shares of DT Midstream by 9.1% in the 4th quarter. UBS Group AG now owns 528,575 shares of the company’s stock valued at $63,260,000 after purchasing an additional 44,233 shares in the last quarter. Eventide Asset Management LLC raised its holdings in shares of DT Midstream by 115.4% in the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock valued at $47,266,000 after purchasing an additional 211,471 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of DT Midstream during the 1st quarter worth $1,669,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.