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

DT Midstream, Inc. (NYSE:DTM) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $155.2308.

Several analysts have recently weighed in on DTM shares. Mizuho increased their price target on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group lifted their price target on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Morgan Stanley upped their price objective on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. UBS Group increased their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th.

DT Midstream Price Performance

DT Midstream stock opened at $146.18 on Tuesday. DT Midstream has a 12-month low of $98.06 and a 12-month high of $152.88. The stock has a market cap of $14.91 billion, a P/E ratio of 32.34, a PEG ratio of 3.16 and a beta of 0.71. The company has a 50-day moving average price of $145.05 and a 200 day moving average price of $135.69. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, April 30th. The company reported $1.27 EPS 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 the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period in the previous year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts anticipate that DT Midstream will post 4.75 earnings per share for the current year.

DT Midstream Dividend Announcement

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

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently modified their holdings of the business. William Mack & Associates Inc. raised its holdings in DT Midstream by 36.0% in the 2nd quarter. William Mack & Associates Inc. now owns 2,327 shares of the company’s stock valued at $341,000 after buying an additional 616 shares during the period. Gradient Investments LLC purchased a new position in shares of DT Midstream during the 2nd quarter worth approximately $249,000. GAMMA Investing LLC boosted its position in shares of DT Midstream by 15.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,549 shares of the company’s stock worth $961,000 after purchasing an additional 892 shares during the period. CoreCap Advisors LLC increased its holdings in DT Midstream by 4.7% in the 2nd quarter. CoreCap Advisors LLC now owns 15,133 shares of the company’s stock valued at $2,221,000 after purchasing an additional 684 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in DT Midstream by 29.3% in the 2nd quarter. Versant Capital Management Inc now owns 701 shares of the company’s stock valued at $103,000 after purchasing an additional 159 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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.