DT Midstream (DTM) Stock Price, News & Analysis

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.
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8 Wall Street analysts have issued 12-month target prices for DT Midstream's shares. Their DTM share price targets range from $53.00 to $66.00. On average, they expect the company's stock price to reach $58.50 in the next year. This suggests that the stock has a possible downside of 7.5%.
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DT Midstream's stock was trading at $54.80 at the start of the year. Since then, DTM shares have increased by 15.4% and is now trading at $63.24.
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DT Midstream saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,460,000 shares, an increase of 23.1% from the February 29th total of 2,810,000 shares. Based on an average daily trading volume, of 640,800 shares, the short-interest ratio is currently 5.4 days. Approximately 3.6% of the company's stock are sold short.
View DT Midstream's Short Interest.

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

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.

DT Midstream, Inc. (NYSE:DTM) posted its quarterly earnings data on Friday, February, 16th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.32. The firm had revenue of $244 million for the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.93 earnings per share.

DT Midstream announced a quarterly dividend on Friday, February 16th. Investors 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 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, March 15th. This is a positive change from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for DTM.

DT Midstream (NYSE:DTM) pays an annual dividend of $2.94 per share and currently has a dividend yield of 4.70%. 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 68.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

ETFs with the largest weight of DT Midstream (NYSE:DTM) stock in their portfolio include First Trust EIP Carbon Impact ETF (ECLN), Alerian Energy Infrastructure ETF (ENFR), Invesco S&P Spin-Off ETF (CSD), VanEck Energy Income ETF (EINC), USCF Midstream Energy Income Fund (UMI), Global X MLP & Energy Infrastructure ETF (MLPX), First Trust North American Energy Infrastructure Fund (EMLP) and Pacer American Energy Independence ETF (USAI).

DT Midstream's stock is owned by a variety of retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (0.26%), Hennessy Advisors Inc. (0.17%), NBC Securities Inc. (0.06%), Global Assets Advisory LLC (0.03%), State of Michigan Retirement System (0.02%) and Bright Rock Capital Management LLC (0.02%). Insiders that own company stock include David Slater, Jeffrey A Jewell, Peter I Tumminello and Robert C Skaggs Jr.
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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.
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