DT Midstream, Inc. (NYSE:DTM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of DT Midstream, Inc. (NYSE:DTM) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $117.4615.

DTM has been the topic of several research analyst reports. UBS Group boosted their target price on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Morgan Stanley boosted their price target on shares of DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Citigroup raised their price objective on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group began coverage on DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Barclays increased their price target on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On DT Midstream

Several large investors have recently bought and sold shares of the business. Pathstone Holdings LLC raised its position in shares of DT Midstream by 0.3% in the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after buying an additional 97 shares during the last quarter. Private Trust Co. NA boosted its position in DT Midstream by 23.6% during the third quarter. Private Trust Co. NA now owns 535 shares of the company’s stock worth $60,000 after acquiring an additional 102 shares during the last quarter. Ballentine Partners LLC grew its stake in DT Midstream by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after acquiring an additional 106 shares in the last quarter. Cresset Asset Management LLC raised its holdings in DT Midstream by 1.7% in the 3rd quarter. Cresset Asset Management LLC now owns 6,408 shares of the company’s stock valued at $730,000 after acquiring an additional 108 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in DT Midstream by 2.5% in the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock valued at $455,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE DTM opened at $121.46 on Monday. The business has a 50-day moving average price of $112.34 and a 200-day moving average price of $107.21. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. DT Midstream has a twelve month low of $83.30 and a twelve month high of $121.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $309.21 million. During the same period in the previous year, the firm earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities research analysts predict that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, December 15th. DT Midstream’s dividend payout ratio is currently 82.83%.

About DT Midstream

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.