Analysts Set DT Midstream, Inc. (NYSE:DTM) PT at $155.23

DT Midstream, Inc. (NYSE:DTM) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $155.6923.

A number of analysts have weighed in on the stock. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd.

Institutional Trading of DT Midstream

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC raised its stake in shares of DT Midstream by 2.4% in the fourth quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock valued at $432,000 after purchasing an additional 85 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in DT Midstream by 0.4% during the first quarter. Glenmede Trust Co. NA now owns 24,685 shares of the company’s stock worth $3,324,000 after buying an additional 89 shares in the last quarter. Covestor Ltd boosted its stake in DT Midstream by 11.2% during the fourth quarter. Covestor Ltd now owns 897 shares of the company’s stock worth $107,000 after buying an additional 90 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the period. Finally, VestGen Investment Management increased its holdings in DT Midstream by 1.2% in the 4th quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock valued at $921,000 after buying an additional 94 shares during the period. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $146.54 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $145.16 and its two-hundred day moving average is $136.24. The company has a market cap of $14.95 billion, a P/E ratio of 32.42, a P/E/G ratio of 3.16 and a beta of 0.71. DT Midstream has a 12 month low of $98.06 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the company posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts expect that DT Midstream will post 4.77 EPS for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a $0.88 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. DT Midstream’s dividend payout ratio (DPR) is currently 77.88%.

DT Midstream Company Profile

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.