DT Midstream, Inc. (NYSE:DTM) Receives $116.00 Consensus Target Price from Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $116.00.

A number of brokerages recently commented on DTM. Mizuho upped their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley upped their price target on shares of DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Barclays increased their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 3rd.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $114.92 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $109.41 and its two-hundred day moving average price is $105.61. DT Midstream has a 52-week low of $83.30 and a 52-week high of $115.80. The stock has a market capitalization of $11.68 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.43 and a beta of 0.77.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $309.16 million during the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same period in the prior year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, sell-side analysts forecast that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, December 15th. DT Midstream’s dividend payout ratio (DPR) is currently 82.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA increased its holdings in shares of DT Midstream by 23.6% during the third quarter. Private Trust Co. NA now owns 535 shares of the company’s stock valued at $60,000 after purchasing an additional 102 shares during the period. Ballentine Partners LLC grew its position in DT Midstream by 4.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after buying an additional 106 shares in the last quarter. Independent Advisor Alliance increased its stake in DT Midstream by 2.5% during the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock valued at $455,000 after buying an additional 117 shares during the period. Geneos Wealth Management Inc. raised its position in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of DT Midstream by 15.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock worth $107,000 after acquiring an additional 130 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.