Brokerages Set DT Midstream, Inc. (NYSE:DTM) PT at $152.67

DT Midstream, Inc. (NYSE:DTM) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $154.4615.

DTM has been the topic of several recent analyst reports. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays raised their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Mizuho boosted their price target on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th.

Hedge Funds Weigh In On DT Midstream

Several hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. increased its holdings in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Centerpoint Advisors LLC increased its holdings in shares of DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream in the fourth quarter worth about $30,000. Finally, Western Wealth Management LLC purchased a new position in shares of DT Midstream in the first quarter worth about $32,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of DTM opened at $140.02 on Monday. The company has a 50 day moving average of $139.49 and a two-hundred day moving average of $130.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream has a twelve month low of $98.06 and a twelve month high of $152.88. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same period in the prior year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts predict that DT Midstream will post 4.7 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

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.