FY2022 EPS Estimates for DT Midstream, Inc. Increased by US Capital Advisors (NYSE:DTM)

DT Midstream, Inc. (NYSE:DTMGet Rating) – Analysts at US Capital Advisors increased their FY2022 EPS estimates for shares of DT Midstream in a report released on Monday, July 25th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings of $3.53 per share for the year, up from their prior estimate of $3.51. The consensus estimate for DT Midstream’s current full-year earnings is $3.62 per share. US Capital Advisors also issued estimates for DT Midstream’s Q4 2022 earnings at $0.95 EPS, Q2 2023 earnings at $0.91 EPS, Q4 2023 earnings at $1.11 EPS, FY2023 earnings at $3.92 EPS and FY2024 earnings at $4.20 EPS.

Several other brokerages have also recently issued reports on DTM. Morgan Stanley lifted their price objective on shares of DT Midstream from $54.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 26th. Barclays raised shares of DT Midstream from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $59.00 in a research note on Wednesday, July 20th. Finally, Mizuho lifted their price objective on shares of DT Midstream from $55.00 to $57.00 in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DT Midstream presently has a consensus rating of “Hold” and a consensus price target of $58.33.

DT Midstream Stock Up 1.6 %

DTM stock opened at $55.03 on Thursday. DT Midstream has a 52 week low of $40.63 and a 52 week high of $59.36. The company has a market capitalization of $5.32 billion and a price-to-earnings ratio of 17.20. The firm’s 50-day moving average is $52.17 and its two-hundred day moving average is $53.07. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.75.

DT Midstream (NYSE:DTMGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). DT Midstream had a return on equity of 8.28% and a net margin of 36.13%. The company had revenue of $215.00 million for the quarter, compared to the consensus estimate of $224.37 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $28,000. Mystic Asset Management Inc. purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. purchased a new position in shares of DT Midstream in the first quarter worth approximately $30,000. Clearstead Advisors LLC purchased a new position in shares of DT Midstream in the first quarter worth approximately $34,000. Finally, Allegheny Financial Group LTD purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $35,000. 76.66% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Monday, June 20th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Thursday, June 16th. DT Midstream’s dividend payout ratio (DPR) is currently 80.00%.

About DT Midstream

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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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Earnings History and Estimates for DT Midstream (NYSE:DTM)

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