Shares of DT Midstream, Inc. (NYSE:DTM – Get Free Report) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $154.0769.
DTM has been the topic of several analyst reports. Citigroup upped their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Morgan Stanley raised their target price on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Barclays boosted their price target on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Finally, Mizuho dropped their price objective on DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a research note on Friday, July 31st.
Hedge Funds Weigh In On DT Midstream
DT Midstream Stock Up 1.5%
Shares of DTM stock opened at $136.84 on Friday. DT Midstream has a one year low of $100.48 and a one year high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a fifty day moving average price of $141.97 and a 200 day moving average price of $138.84. The stock has a market cap of $13.96 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72.
DT Midstream (NYSE:DTM – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.08). The business had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period last year, the firm earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts predict that DT Midstream will post 4.59 earnings per share for the current year.
DT Midstream Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. DT Midstream’s dividend payout ratio is presently 77.02%.
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.
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