DT Midstream (NYSE:DTM) Trading Up 5% – Time to Buy?

DT Midstream, Inc. (NYSE:DTM)’s share price rose 5% during trading on Wednesday . The company traded as high as $133.34 and last traded at $133.0650. 353,602 shares changed hands during trading, a decline of 56% from the average session volume of 807,524 shares. The stock had previously closed at $126.74.

Analysts Set New Price Targets

DTM has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target 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. Scotiabank began coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. UBS Group lifted their price objective on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DT Midstream has a consensus rating of “Moderate Buy” and a consensus price target of $153.43.

DT Midstream Trading Down 0.6%

The company has a market cap of $13.44 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 3.73 and a beta of 0.72. The business has a fifty day simple moving average of $140.07 and a 200 day simple moving average of $139.28. 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 (NYSE:DTM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share 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 return on equity of 9.58% and a net margin of 35.72%.During the same period last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio is presently 77.02%.

Institutional Investors Weigh In On DT Midstream

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

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.