DT Midstream, Inc. (NYSE:DTM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $123.25.

A number of research analysts recently issued reports on DTM shares. Wells Fargo & Company lifted their target price on DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Morgan Stanley raised their target price on shares of DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Stifel Nicolaus boosted their price target on shares of DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Jefferies Financial Group started coverage on shares of DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On DT Midstream

Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new position in DT Midstream in the first quarter valued at approximately $29,000. Mather Group LLC. purchased a new stake in shares of DT Midstream during the 3rd quarter worth approximately $30,000. Centerpoint Advisors LLC boosted its holdings in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after buying an additional 179 shares in the last quarter. First Horizon Corp purchased a new position in shares of DT Midstream in the 3rd quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in DT Midstream during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Down 1.0%

NYSE DTM opened at $119.64 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.30 and a beta of 0.77. The firm has a 50 day simple moving average of $116.50 and a 200-day simple moving average of $109.64. DT Midstream has a one year low of $83.30 and a one year high of $122.70.

DT Midstream (NYSE:DTM) last released its 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 for the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same period in the prior year, the business earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities research analysts anticipate that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio is currently 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.