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

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

Several analysts have recently commented on DTM shares. Jefferies Financial Group assumed coverage on DT Midstream in a report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Bank of America raised their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on shares of DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th.

Hedge Funds Weigh In On DT Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. bought a new stake in shares of DT Midstream during the 3rd quarter valued at $30,000. Centerpoint Advisors LLC boosted its position in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. First Horizon Corp acquired a new stake in shares of DT Midstream during the third quarter worth $32,000. Root Financial Partners LLC bought a new stake in DT Midstream in the third quarter valued at about $33,000. Finally, Westside Investment Management Inc. increased its holdings in DT Midstream by 100.0% in the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Price Performance

Shares of DT Midstream stock opened at $120.81 on Friday. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.32 and a beta of 0.76. The firm’s 50-day moving average price is $116.00 and its two-hundred day moving average price is $109.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream has a 1-year low of $83.30 and a 1-year high of $122.70.

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

DT Midstream Dividend Announcement

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

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.