Shares of DT Midstream, Inc. (NYSE:DTM – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $153.4286.
Several equities research analysts have recently issued reports on DTM shares. JPMorgan Chase & Co. raised their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Jefferies Financial Group set a $155.00 price target on DT Midstream in a report on Friday, July 31st. UBS Group lifted their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. Morgan Stanley boosted their price target on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st.
Get Our Latest Stock Report on DT Midstream
Hedge Funds Weigh In On DT Midstream
DT Midstream Trading Up 1.3%
Shares of DTM stock opened at $131.22 on Wednesday. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.64 and a beta of 0.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50-day simple moving average of $137.30 and a two-hundred day simple moving average of $139.15. DT Midstream has a 52-week low of $104.25 and a 52-week high of $152.88.
DT Midstream (NYSE:DTM – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The business had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same quarter last year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts anticipate that DT Midstream will post 4.55 EPS for the current fiscal year.
DT Midstream Announces Dividend
The company also recently disclosed 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, September 21st. 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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