DT Midstream, Inc. (NYSE:DTM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $152.6667.

DTM has been the subject of a number of research analyst reports. Mizuho lifted their price target on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a report on Thursday, April 30th. Weiss Ratings cut DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group boosted their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th.

DT Midstream Stock Performance

DT Midstream stock opened at $151.23 on Monday. The stock has a 50-day simple moving average of $138.50 and a 200 day simple moving average of $128.86. 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 12-month low of $98.06 and a 12-month high of $151.79. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 3.02 and a beta of 0.75.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) 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 business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the previous 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, research analysts anticipate that DT Midstream will post 4.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is currently 77.88%.

Insiders Place Their Bets

In other news, CFO Jeffrey A. Jewell acquired 185 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer owned 89,583 shares of the company’s stock, valued at $12,212,850.39. This trade represents a 0.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. NewEdge Wealth LLC grew its position in shares of DT Midstream by 2.4% during the 4th quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock worth $432,000 after buying an additional 85 shares during the period. Covestor Ltd grew its position in shares of DT Midstream by 11.2% during the 4th quarter. Covestor Ltd now owns 897 shares of the company’s stock worth $107,000 after buying an additional 90 shares during the period. Richardson Financial Services Inc. grew its position in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the period. VestGen Investment Management grew its position in shares of DT Midstream by 1.2% during the 4th quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after buying an additional 94 shares during the period. Finally, Pathstone Holdings LLC grew its position in shares of DT Midstream by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after buying an additional 97 shares during the period. 81.53% of the stock is 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.