DT Midstream (NYSE:DTM) Sets New 1-Year High – Here’s What Happened

DT Midstream, Inc. (NYSE:DTM) reached a new 52-week high on Tuesday . The stock traded as high as $152.88 and last traded at $152.59, with a volume of 19820 shares changing hands. The stock had previously closed at $149.22.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a research report on Thursday, April 30th. Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group raised their price target on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. Morgan Stanley raised their price target on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Citigroup raised their price target on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream has an average rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Stock Down 0.4%

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $138.81 and its 200 day simple moving average is $129.15. The company has a market capitalization of $15.36 billion, a PE ratio of 33.31, a P/E/G ratio of 3.02 and a beta of 0.75.

DT Midstream (NYSE:DTM) last issued 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. 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 the consensus estimate of $313.65 million. During the same period in the previous 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 anticipate that DT Midstream, Inc. will post 4.8 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 Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.3%. DT Midstream’s payout ratio is currently 77.88%.

Insider Buying and Selling

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of DT Midstream stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $136.33 per share, for a total transaction 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 $12,212,850.39. This trade represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTM. V Square Quantitative Management LLC purchased a new stake in DT Midstream in the fourth quarter valued at $28,000. Richardson Financial Services Inc. raised its stake 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 valued at $29,000 after acquiring an additional 94 shares during the period. Centerpoint Advisors LLC raised its stake in shares of DT Midstream by 198.9% in the 3rd 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 period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of DT Midstream in the 4th quarter valued at approximately $30,000. Finally, Western Wealth Management LLC purchased a new stake in shares of DT Midstream in the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.