DT Midstream (NYSE:DTM) Reaches New 1-Year High – What’s Next?

DT Midstream, Inc. (NYSE:DTM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $150.50 and last traded at $149.98, with a volume of 241332 shares changing hands. The stock had previously closed at $148.84.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DTM shares. Weiss Ratings cut shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday. Stifel Nicolaus set a $137.00 price objective on shares of DT Midstream and gave the company a “hold” rating in a report on Monday, February 23rd. Morgan Stanley lifted their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Barclays lifted their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.67.

DT Midstream Price Performance

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 $138.25 and its two-hundred day moving average is $128.59. The company has a market capitalization of $15.22 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same period last year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts predict that DT Midstream, Inc. will post 4.8 earnings per share for the current year.

DT Midstream Dividend Announcement

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

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell purchased 185 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the transaction, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the fourth quarter valued at about $28,000. Richardson Financial Services Inc. raised its position in DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Centerpoint Advisors LLC raised its position in DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after acquiring an additional 179 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in DT Midstream in the fourth quarter worth about $30,000. Finally, Western Wealth Management LLC bought a new stake in DT Midstream in the first quarter worth about $32,000. 81.53% of the stock is owned by institutional investors.

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.