Analysts Set DT Midstream, Inc. (NYSE:DTM) PT at $154.46

DT Midstream, Inc. (NYSE:DTM) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One 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 issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $154.4615.

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $166.00 target price on shares of DT Midstream in a research report on Friday, May 1st. The Goldman Sachs Group upped their price objective on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Mizuho upped their price objective on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank started coverage on DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock. Finally, Barclays upped their price objective on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st.

DT Midstream Price Performance

NYSE:DTM opened at $147.39 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15.04 billion, a P/E ratio of 32.61, a P/E/G ratio of 3.16 and a beta of 0.72. DT Midstream has a 12 month low of $98.06 and a 12 month high of $152.88. The business’s 50-day moving average is $141.80 and its 200 day moving average is $133.05.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the previous year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts forecast that DT Midstream will post 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. DT Midstream’s dividend payout ratio is 77.88%.

Institutional Investors Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its stake in shares of DT Midstream by 62.7% during the fourth 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 last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of DT Midstream during the fourth quarter valued at approximately $30,000. Western Wealth Management LLC bought a new position in shares of DT Midstream during the first quarter valued at approximately $32,000. Finally, WFA of San Diego LLC bought a new position in shares of DT Midstream during the second quarter valued at approximately $33,000. 81.53% of the stock is currently owned by hedge funds and other 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.