DT Midstream Stock Earnings Estimates Cut by Scotiabank

DT Midstream, Inc. (NYSE:DTM) – Analysts at Scotiabank lowered their FY2027 EPS estimates for shares of DT Midstream in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst B. Bingham now forecasts that the company will post earnings of $5.10 per share for the year, down from their prior estimate of $5.13. The consensus estimate for DT Midstream’s current full-year earnings is $4.57 per share.

Several other analysts have also issued reports on DTM. JPMorgan Chase & Co. boosted their target price on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group reiterated a “sell” rating and set a $121.00 price target on shares of DT Midstream in a research note on Wednesday, October 14th. Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Barclays decreased their price objective on DT Midstream from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $150.00 price objective on shares of DT Midstream in a research note on Thursday, October 15th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.36.

DT Midstream Stock Performance

NYSE:DTM opened at $123.34 on Friday. 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 fifty day simple moving average of $126.54 and a two-hundred day simple moving average of $136.23. DT Midstream has a 1 year low of $104.99 and a 1 year high of $152.88. The company has a market capitalization of $12.58 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.48 and a beta of 0.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same period last year, the company posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Chickasaw Capital Management LLC grew its stake in DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock valued at $62,430,000 after buying an additional 143,766 shares in the last quarter. Edgestream Partners L.P. raised its holdings in DT Midstream by 1,501.5% during the 1st quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after acquiring an additional 97,209 shares during the period. NEOS Investment Management LLC lifted its position in shares of DT Midstream by 50.6% during the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock worth $30,869,000 after acquiring an additional 70,650 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of DT Midstream during the second quarter worth $7,362,000. Finally, Dorsey Wright & Associates lifted its position in shares of DT Midstream by 63.6% during the first quarter. Dorsey Wright & Associates now owns 102,768 shares of the company’s stock worth $13,840,000 after acquiring an additional 39,958 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Monday, September 21st were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 21st. DT Midstream’s dividend payout ratio is presently 77.02%.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.