DT Midstream, Inc. (NYSE:DTM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $154.4615.

DTM has been the topic of several research analyst reports. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the company a “hold” rating in a research report on Monday, February 23rd. Scotiabank initiated coverage on DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $166.00 target price on shares of DT Midstream in a research report on Friday, May 1st. UBS Group upped their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. upped their target price on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th.

DT Midstream Trading Up 1.8%

Shares of DTM stock opened at $143.49 on Friday. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.07 and a beta of 0.72. The stock has a 50-day moving average of $141.21 and a 200-day moving average of $132.51. 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 has a 1-year low of $98.06 and a 1-year high of $152.88.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts forecast that DT Midstream will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. DT Midstream’s dividend payout ratio is presently 77.88%.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently modified their holdings of DTM. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. raised its stake in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of DT Midstream in the fourth quarter worth approximately $30,000. Western Wealth Management LLC purchased a new stake in shares of DT Midstream in the first quarter worth approximately $32,000. Finally, WFA of San Diego LLC purchased a new stake in shares of DT Midstream in the second quarter worth approximately $33,000. 81.53% of the stock is owned by hedge funds and other 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.