DT Midstream (DTM) Set to Announce Quarterly Earnings on Thursday

DT Midstream (NYSE:DTMGet Rating) will be announcing its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

DT Midstream (NYSE:DTMGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.08. The company had revenue of $223.00 million during the quarter, compared to analyst estimates of $202.34 million. On average, analysts expect DT Midstream to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:DTM opened at $54.78 on Thursday. DT Midstream has a one year low of $38.21 and a one year high of $59.36. The company has a fifty day moving average of $54.41. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.03 and a current ratio of 2.03.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Monday, March 21st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Friday, March 18th. This is a boost from DT Midstream’s previous quarterly dividend of $0.60.

A number of equities research analysts have recently issued reports on DTM shares. Mizuho boosted their target price on shares of DT Midstream from $54.00 to $55.00 in a research report on Monday, February 28th. Morgan Stanley boosted their target price on shares of DT Midstream from $54.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday. Credit Suisse Group cut shares of DT Midstream from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $58.00 in a research report on Tuesday, March 8th. Zacks Investment Research raised shares of DT Midstream from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, April 1st. Finally, The Goldman Sachs Group cut shares of DT Midstream from a “buy” rating to a “neutral” rating and set a $58.00 target price for the company. in a research report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $57.13.

Several hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of DT Midstream by 0.4% in the fourth quarter. Comerica Bank now owns 51,576 shares of the company’s stock worth $2,548,000 after acquiring an additional 226 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of DT Midstream by 3.8% in the fourth quarter. Stifel Financial Corp now owns 17,147 shares of the company’s stock worth $823,000 after acquiring an additional 633 shares during the last quarter. Morgan Stanley bought a new position in shares of DT Midstream in the second quarter worth about $50,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of DT Midstream by 9.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 17,302 shares of the company’s stock worth $830,000 after acquiring an additional 1,543 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of DT Midstream by 5.3% in the fourth quarter. LPL Financial LLC now owns 33,512 shares of the company’s stock worth $1,608,000 after acquiring an additional 1,698 shares during the last quarter. 75.41% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile (Get Rating)

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

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