NYSE:DTM

DT Midstream (DTM) Stock Price, News & Analysis

$64.06
-0.53 (-0.82%)
(As of 04/26/2024 ET)
Today's Range
$63.86
$64.50
50-Day Range
$54.70
$64.58
52-Week Range
$45.10
$64.69
Volume
702,590 shs
Average Volume
676,879 shs
Market Capitalization
$6.22 billion
P/E Ratio
16.22
Dividend Yield
4.59%
Price Target
$58.50

DT Midstream MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
8.7% 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
1.00mentions 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
11.39%
From $3.95 to $4.40 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.

3.40 out of 5 stars

Oils/Energy Sector

103rd out of 240 stocks

Natural Gas Transmission Industry

7th out of 19 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

What Wall Street expects from Franks International's earnings
DT Midstream: Getting More Expensive
Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
J.P. Morgan Keeps Their Hold Rating on DT Midstream (DTM)
In-Depth Examination Of 3 Analyst Recommendations For DT Midstream
Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
DT Midstream Publishes Annual Sustainability Report
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
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
4/27/2024
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
$6.01 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 year. 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 analysts have issued 12 month price targets for DT Midstream's stock. Their DTM share price targets range from $53.00 to $66.00. On average, they predict the company's stock price to reach $58.50 in the next year. This suggests that the stock has a possible downside of 8.7%.
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 start of the year. Since then, DTM shares have increased by 16.9% and is now trading at $64.0550.
View the best growth stocks for 2024 here
.

Are investors shorting DT Midstream?

DT Midstream saw a drop in short interest in April. As of April 15th, there was short interest totaling 3,220,000 shares, a drop 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 company's shares are sold short.
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) issued its quarterly earnings data on Friday, February, 16th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.92 by $0.32. The company earned $244 million during the quarter, compared to the consensus estimate of $235.19 million. DT Midstream had a trailing twelve-month return on equity of 9.11% and a net margin of 41.65%. During the same period 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. Stockholders 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 yield of 4.59%. The ex-dividend date of this dividend is Friday, March 15th. This is an increase 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 4.58%. 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 66.82% 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%), Deroy & Devereaux Private Investment Counsel Inc. (0.47%), Chickasaw Capital Management LLC (0.26%), Hennessy Advisors Inc. (0.17%), Maryland State Retirement & Pension System (0.09%) and Amalgamated Bank (0.07%). 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 4/27/2024 by MarketBeat.com Staff

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