DT Midstream (NYSE:DTM) Price Target Raised to $154.00 at JPMorgan Chase & Co.

DT Midstream (NYSE:DTM) had its price objective hoisted by JPMorgan Chase & Co. from $146.00 to $154.00 in a report issued on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

DTM has been the subject of several other research reports. Wells Fargo & Company upped their price objective on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Citigroup raised their target price on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday, May 4th. 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 target price for the company. The Goldman Sachs Group upped their price target 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. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $166.00 price target on shares of DT Midstream in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DT Midstream presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.23.

DT Midstream Price Performance

NYSE:DTM opened at $146.02 on Wednesday. DT Midstream has a one year low of $98.06 and a one year high of $152.88. The company has a market cap of $14.90 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.18 and a beta of 0.71. The firm’s fifty day moving average price is $144.79 and its two-hundred day moving average price is $135.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter last year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts expect that DT Midstream will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

Institutional Trading of DT Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in DTM. Deutsche Bank AG raised its position in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after purchasing an additional 200,114 shares during the last quarter. 59 North Capital Management LP increased its stake in shares of DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after buying an additional 1,010,965 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after acquiring an additional 285,770 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DT Midstream by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after acquiring an additional 106,533 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of DT Midstream by 4.7% in the fourth quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after acquiring an additional 47,030 shares during the period. 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.