Analysts Set DT Midstream, Inc. (NYSE:DTM) Price Target at $153.43

Shares of DT Midstream, Inc. (NYSE:DTM) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $153.4286.

Several research firms have issued reports on DTM. Wall Street Zen lowered shares of DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Morgan Stanley increased their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Jefferies Financial Group set a $155.00 target price on shares of DT Midstream in a research note on Friday, July 31st. Finally, Wolfe Research upgraded shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, August 26th.

DT Midstream Trading Down 0.1%

Shares of DTM stock opened at $129.45 on Wednesday. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.64 and a beta of 0.70. The stock has a 50-day moving average of $137.98 and a 200-day moving average of $139.19. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 1-year low of $102.43 and a 1-year high of $152.88.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same period in the prior year, the firm earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts forecast that DT Midstream will post 4.55 earnings per share for the current year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is presently 77.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in DT Midstream during the fourth quarter worth approximately $30,000. Western Wealth Management LLC bought a new stake in DT Midstream in the first quarter worth approximately $32,000. WFA of San Diego LLC acquired a new position in DT Midstream in the second quarter valued at approximately $33,000. Commonwealth Retirement Investments LLC acquired a new position in DT Midstream in the fourth quarter valued at approximately $36,000. Finally, Continuum Advisory LLC bought a new position in shares of DT Midstream during the 2nd quarter worth approximately $36,000. 81.53% of the stock is owned by institutional investors and hedge funds.

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.