NYSE:DTM

DT Midstream (DTM) Stock Price, News & Analysis

$64.59
+0.42 (+0.65%)
(As of 05:32 PM ET)
Today's Range
$63.62
$64.69
50-Day Range
$52.43
$64.20
52-Week Range
$45.10
$64.69
Volume
512,141 shs
Average Volume
676,558 shs
Market Capitalization
$6.27 billion
P/E Ratio
16.35
Dividend Yield
4.55%
Price Target
$58.50

DT Midstream MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
9.2% Downside
$58.50 Price Target
Short Interest
Healthy
3.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.95mentions of DT Midstream in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$56,870 Bought Last Quarter
Proj. Earnings Growth
8.61%
From $3.95 to $4.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.39 out of 5 stars

Oils/Energy Sector

136th out of 234 stocks

Natural Gas Transmission Industry

9th out of 18 stocks

DTM stock logo

About DT Midstream Stock (NYSE:DTM)

DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and provision of associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.

DTM Stock Price History

DTM Stock News Headlines

DT Midstream: Getting More Expensive
J.P. Morgan Keeps Their Hold Rating on DT Midstream (DTM)
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
In-Depth Examination Of 3 Analyst Recommendations For DT Midstream
DT Midstream Publishes Annual Sustainability Report
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
DT Midstream, Inc. (DTM)
DT Midstream Inc (DTM)
Sell Rating on DT Midstream Amid Elevated CapEx and Counterparty Concerns
DT Midstream Sets 2024 Annual Meeting Date
Wolfe Research Upgrades DT Midstream (DTM)
I Missed The Sale On DT Midstream, But It's Still A Buy
Q4 2023 DT Midstream Inc Earnings Call
Preview: DT Midstream's Earnings
DT Midstream Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Ex-Dividend for 4/15 Dividend
3/15/2024
Dividend Payable
4/15/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
402
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$58.50
High Stock Price Target
$66.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$384 million
Pretax Margin
54.23%

Debt

Sales & Book Value

Annual Sales
$922 million
Cash Flow
$6.12 per share
Book Value
$44.14 per share

Miscellaneous

Free Float
97,070,000
Market Cap
$6.22 billion
Optionable
Not Optionable
Beta
0.73
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DTM Stock Analysis - Frequently Asked Questions

Should I buy or sell DT Midstream stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DT Midstream in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTM, but not buy additional shares or sell existing shares.
View DTM analyst ratings
or view top-rated stocks.

What is DT Midstream's stock price target for 2024?

8 Wall Street analysts have issued 1-year target prices for DT Midstream's shares. Their DTM share price targets range from $53.00 to $66.00. On average, they anticipate the company's share price to reach $58.50 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts price targets for DTM
or view top-rated stocks among Wall Street analysts.

How have DTM shares performed in 2024?

DT Midstream's stock was trading at $54.80 at the beginning of the year. Since then, DTM stock has increased by 17.5% and is now trading at $64.41.
View the best growth stocks for 2024 here
.

Are investors shorting DT Midstream?

DT Midstream saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 3,220,000 shares, a decrease of 11.0% from the March 31st total of 3,620,000 shares. Based on an average daily trading volume, of 674,200 shares, the days-to-cover ratio is currently 4.8 days. Currently, 3.3% of the shares of the stock are short sold.
View DT Midstream's Short Interest
.

When is DT Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our DTM earnings forecast
.

How can I listen to DT Midstream's earnings call?

DT Midstream will be holding an earnings conference call on Tuesday, April 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were DT Midstream's earnings last quarter?

DT Midstream, Inc. (NYSE:DTM) released its quarterly earnings data on Friday, February, 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.32. The business earned $244 million during the quarter, compared to the consensus estimate of $235.19 million. DT Midstream had a net margin of 41.65% and a trailing twelve-month return on equity of 9.11%. During the same quarter last year, the firm posted $0.93 EPS.

How often does DT Midstream pay dividends? What is the dividend yield for DT Midstream?

DT Midstream announced a quarterly dividend on Friday, February 16th. Shareholders of record on Monday, March 18th will be paid a dividend of $0.735 per share on Monday, April 15th. This represents a $2.94 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, March 15th. This is a boost from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for DTM
.

Is DT Midstream a good dividend stock?

DT Midstream (NYSE:DTM) pays an annual dividend of $2.94 per share and currently has a dividend yield of 4.66%. DTM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTM will have a dividend payout ratio of 68.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

Who are DT Midstream's major shareholders?

DT Midstream's stock is owned by many different institutional and retail investors. Top institutional investors include CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.72%), Chickasaw Capital Management LLC (0.26%), Hennessy Advisors Inc. (0.17%), Maryland State Retirement & Pension System (0.09%), Amalgamated Bank (0.07%) and NBC Securities Inc. (0.06%). Insiders that own company stock include David Slater, Jeffrey A Jewell, Peter I Tumminello and Robert C Skaggs Jr.
View institutional ownership trends
.

How do I buy shares of DT Midstream?

Shares of DTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DTM) was last updated on 4/25/2024 by MarketBeat.com Staff

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