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

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $123.25.

Several brokerages have recently issued reports on DTM. Jefferies Financial Group started coverage on shares of DT Midstream in a research note on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price on the stock. Bank of America increased their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Barclays lifted their target price on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Citigroup increased their price target on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on DT Midstream from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd.

DT Midstream Stock Down 0.8%

NYSE DTM opened at $120.55 on Friday. The stock has a market capitalization of $12.26 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. DT Midstream has a 52 week low of $83.30 and a 52 week high of $122.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average of $115.30 and a 200-day moving average of $109.13.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10. The business had revenue of $314.00 million for the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter in the prior year, the firm posted $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, equities research analysts forecast that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

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

Institutional Trading of DT Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in DT Midstream by 41.5% during the 1st quarter. American Century Companies Inc. now owns 69,091 shares of the company’s stock worth $6,666,000 after acquiring an additional 20,254 shares during the last quarter. Raymond James Financial Inc. raised its holdings in DT Midstream by 1.7% in the first quarter. Raymond James Financial Inc. now owns 87,661 shares of the company’s stock worth $8,457,000 after purchasing an additional 1,482 shares during the period. Jump Financial LLC bought a new position in shares of DT Midstream during the first quarter worth $661,000. MetLife Investment Management LLC boosted its position in shares of DT Midstream by 2.7% during the first quarter. MetLife Investment Management LLC now owns 56,256 shares of the company’s stock worth $5,428,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Corebridge Financial Inc. grew its holdings in shares of DT Midstream by 1.8% in the 1st quarter. Corebridge Financial Inc. now owns 111,914 shares of the company’s stock valued at $10,797,000 after buying an additional 1,980 shares during the period. 81.53% of the stock is owned by institutional investors.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.