Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $155.23

DT Midstream, Inc. (NYSE:DTM) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $155.6923.

Several equities research analysts have recently weighed in on DTM shares. JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Jefferies Financial Group lifted their price target on shares of DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their price target 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. Barclays upped their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group raised their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of DT Midstream by 21.6% during the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after purchasing an additional 16,043 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of DT Midstream by 1.6% in the first quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after buying an additional 218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DT Midstream by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after buying an additional 31,894 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock worth $698,000 after buying an additional 157 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of DTM stock opened at $144.17 on Tuesday. The stock’s fifty day simple moving average is $145.16 and its 200 day simple moving average is $136.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 3.15 and a beta of 0.71. DT Midstream has a one year low of $98.06 and a one year high of $152.88.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating 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 firm had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the prior year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts expect that DT Midstream will post 4.77 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $0.88 per share. The ex-dividend date was Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. DT Midstream’s dividend payout ratio is 77.88%.

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.