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

Shares of DT Midstream, Inc. (NYSE:DTM) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $154.4615.

DTM has been the subject of a number of analyst reports. Weiss Ratings raised shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citigroup upped their price objective on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $166.00 price objective on shares of DT Midstream in a research note on Friday, May 1st. Finally, Wells Fargo & Company upped their target price on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, March 13th.

DT Midstream Stock Performance

NYSE:DTM opened at $149.27 on Friday. DT Midstream has a twelve month low of $98.06 and a twelve month high of $152.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $142.41 and a 200-day moving average of $133.42. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 3.21 and a beta of 0.72.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $313.65 million. During the same quarter last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts forecast that DT Midstream will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. DT Midstream’s dividend payout ratio is currently 77.88%.

Hedge Funds Weigh In On DT Midstream

Hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in DT Midstream in the fourth quarter worth approximately $28,000. Western Wealth Management LLC acquired a new stake in shares of DT Midstream in the first quarter worth $32,000. Richardson Financial Services Inc. grew its stake in shares of 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 last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream in the fourth quarter worth $30,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of DT Midstream in the fourth quarter worth $36,000. 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.