Analysts Set DT Midstream, Inc. (NYSE:DTM) Price Target at $154.08

DT Midstream, Inc. (NYSE:DTM) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $154.0769.

Several equities research analysts have weighed in on DTM shares. Citigroup lifted their price target on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. UBS Group raised their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Barclays boosted their target price on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Mizuho dropped their price target on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st.

DT Midstream Stock Performance

Shares of DTM stock opened at $134.12 on Friday. The firm has a 50 day moving average of $142.48 and a 200-day moving average of $138.56. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 52 week low of $100.48 and a 52 week high of $152.88.

DT Midstream (NYSE:DTM) last released its 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). The company had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same quarter in the previous year, the firm earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts forecast that DT Midstream will post 4.59 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 2.6%. DT Midstream’s payout ratio is currently 77.02%.

Hedge Funds Weigh In On DT Midstream

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in DT Midstream by 21.6% during the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after purchasing an additional 16,043 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after buying an additional 123 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of DT Midstream by 2.6% during the second quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after buying an additional 157 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

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.