DT Midstream (NYSE:DTM) Hits New 12-Month High – What’s Next?

DT Midstream, Inc. (NYSE:DTM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $122.70 and last traded at $121.2650, with a volume of 34889 shares. The stock had previously closed at $120.03.

Analyst Ratings Changes

DTM has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Jefferies Financial Group assumed coverage on DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price on the stock. Finally, Citigroup boosted their price target on shares of DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.67.

DT Midstream Stock Performance

The stock’s 50 day moving average is $118.79 and its two-hundred day moving average is $110.82. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.13 and a beta of 0.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The business had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. During the same period last year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Analysts expect that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, December 15th. DT Midstream’s payout ratio is currently 82.83%.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently modified their holdings of DTM. Mather Group LLC. bought a new stake in shares of DT Midstream in the third quarter valued at approximately $30,000. Centerpoint Advisors LLC grew its holdings in shares of DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares in the last quarter. First Horizon Corp bought a new position in shares of DT Midstream in the third quarter worth $32,000. Cary Street Partners Investment Advisory LLC bought a new stake in DT Midstream during the second quarter worth about $33,000. Finally, Root Financial Partners LLC bought a new position in DT Midstream in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.