DT Midstream, Inc. (NYSE:DTM) Receives $123.67 Average Target Price from Analysts

Shares of DT Midstream, Inc. (NYSE:DTM) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $123.6667.

Several equities analysts recently issued reports on DTM shares. Wells Fargo & Company upped their price objective 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. Morgan Stanley boosted their price target on DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Citigroup lifted their price objective on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group began coverage on DT Midstream in a research note on Monday, November 3rd. They issued a “buy” rating and a $125.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th.

DT Midstream Trading Up 0.8%

NYSE:DTM opened at $121.41 on Tuesday. DT Midstream has a 52-week low of $83.30 and a 52-week high of $122.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $119.05 and a 200-day simple moving average of $110.96. The company has a market capitalization of $12.34 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.76.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $314.00 million for the quarter, compared to analysts’ expectations 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 earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. On average, equities research analysts expect that DT Midstream will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, December 15th. DT Midstream’s dividend payout ratio is presently 82.83%.

Hedge Funds Weigh In On DT Midstream

Several institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream in the 4th quarter valued at $28,000. Richardson Financial Services Inc. raised its position in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the period. Mather Group LLC. purchased a new position in shares of DT Midstream in the 3rd quarter worth $30,000. Centerpoint Advisors LLC boosted its holdings in DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in DT Midstream during the third quarter valued at about $32,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

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.