DT Midstream, Inc. (NYSE:DTM) Stock Has Consensus Target Price of $152.14

Shares of DT Midstream, Inc. (NYSE:DTM – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $152.14.

Several research analysts have weighed in on DTM shares. JPMorgan Chase & Co. boosted their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Mizuho decreased their price objective on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings downgraded DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, August 26th.

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Institutional Trading of DT Midstream

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG increased its position in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares during the period. Geode Capital Management LLC raised its holdings in shares of DT Midstream by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after purchasing an additional 106,533 shares during the period. Norges Bank bought a new position in shares of DT Midstream during the 4th quarter worth about $115,715,000. Bank of New York Mellon Corp boosted its position in shares of DT Midstream by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 892,353 shares of the company’s stock worth $120,173,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in shares of DT Midstream by 9.4% in the 4th quarter. Reaves W H & Co. Inc. now owns 762,753 shares of the company’s stock valued at $91,286,000 after buying an additional 65,327 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 1.0%

NYSE DTM opened at $121.22 on Friday. The stock’s 50-day moving average is $129.93 and its 200-day moving average is $137.40. DT Midstream has a one year low of $104.99 and a one year high of $152.88. The firm has a market cap of $12.37 billion, a P/E ratio of 26.53, a P/E/G ratio of 3.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37.

DT Midstream (NYSE:DTM – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (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 firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts anticipate that DT Midstream will post 4.59 earnings per share 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. Investors of record on Monday, September 21st will be given a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 dividend on an annualized basis and a yield of 2.9%. DT Midstream’s payout ratio is currently 77.02%.

DT Midstream Company Profile

(Get Free Report)

DT Midstream, Inc is an independent energy company focused on developing, owning and operating natural gas infrastructure in the United States. Its business includes interstate and intrastate natural gas transportation, gathering and storage, providing critical connections between producers, utilities, power generators and other energy customers.

The company operates a portfolio of natural gas pipelines and gathering systems serving key producing and consuming regions, including the Midwest, Northeast, Mid-Atlantic and Gulf Coast.

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