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

DT Midstream, Inc. (NYSE:DTMGet Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $155.6923.

DTM has been the topic of a number of analyst reports. Weiss Ratings lowered DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. Mizuho increased their target price on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays raised their price target on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. The Goldman Sachs Group lifted their price target on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Finally, Scotiabank began coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock.

Get Our Latest Analysis on DT Midstream

Hedge Funds Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream in the fourth quarter valued at about $28,000. Western Wealth Management LLC acquired a new position in DT Midstream during the first quarter worth about $32,000. Richardson Financial Services Inc. grew its position in DT Midstream by 62.7% during the fourth 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. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in DT Midstream during the fourth quarter worth about $30,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in DT Midstream in the fourth quarter valued at about $36,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Stock Down 1.3%

Shares of NYSE:DTM opened at $144.82 on Tuesday. DT Midstream has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $145.19 and its 200-day simple moving average is $136.30. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.15 and a beta of 0.71.

DT Midstream (NYSE:DTMGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations 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 prior year, the company posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream will post 4.77 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

DT Midstream Company Profile

(Get Free Report)

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.

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Analyst Recommendations for DT Midstream (NYSE:DTM)

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