DT Midstream (NYSE:DTM) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

DT Midstream, Inc. (NYSE:DTM) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $126.23 and traded as high as $127.20. DT Midstream shares last traded at $126.9780, with a volume of 918,181 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DTM shares. Scotiabank set a $165.00 target price on DT Midstream in a report on Thursday, October 15th. Barclays dropped their price target on DT Midstream from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their price objective on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.36.

DT Midstream Stock Performance

The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.47 and a beta of 0.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $126.23 and a 200-day moving average price of $134.46.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The company had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. During the same period in the prior year, the business earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts expect that DT Midstream, Inc. will post 4.57 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, September 21st were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

Institutional Trading of DT Midstream

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in shares of DT Midstream during the 1st quarter worth $32,000. Premier Financial Group purchased a new position in DT Midstream during the 2nd quarter valued at about $33,000. Continuum Advisory LLC purchased a new position in DT Midstream during the 2nd quarter valued at about $36,000. Ulland Investment Advisors LLC purchased a new position in DT Midstream during the 3rd quarter valued at about $39,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in DT Midstream during the first quarter worth about $41,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

About DT Midstream

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.