DT Midstream (NYSE:DTM) Stock Gets Price Target Cut from Morgan Stanley

DT Midstream (NYSE:DTM) had its price target reduced by Morgan Stanley from $170.00 to $164.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Barclays decreased their price objective on DT Midstream from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Scotiabank set a $165.00 price objective on DT Midstream in a report on Thursday, October 15th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $121.00 target price on shares of DT Midstream in a research note on Wednesday, October 14th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.36.

DT Midstream Trading Up 0.3%

DTM opened at $123.77 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.45 and a beta of 0.72. The firm has a 50 day simple moving average of $126.28 and a 200 day simple moving average of $136.14. DT Midstream has a fifty-two week low of $104.99 and a fifty-two week high of $152.88.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The business had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. During the same period in the previous year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts anticipate that DT Midstream will post 4.57 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, September 21st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.8%. DT Midstream’s dividend payout ratio (DPR) is currently 77.02%.

Institutional Investors Weigh In On DT Midstream

Several institutional investors have recently added to or reduced their stakes in DTM. California State Teachers Retirement System boosted its stake in shares of DT Midstream by 26.3% during the 1st quarter. California State Teachers Retirement System now owns 120,551 shares of the company’s stock worth $16,235,000 after buying an additional 25,099 shares during the last quarter. Walleye Capital LLC bought a new position in DT Midstream in the first quarter valued at approximately $1,669,000. NEOS Investment Management LLC grew its stake in DT Midstream by 50.6% in the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock valued at $30,869,000 after purchasing an additional 70,650 shares in the last quarter. Wellington Management Group LLP grew its stake in DT Midstream by 115.6% in the second quarter. Wellington Management Group LLP now owns 70,627 shares of the company’s stock valued at $10,364,000 after purchasing an additional 37,868 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of DT Midstream by 117.5% during the 2nd quarter. Squarepoint Ops LLC now owns 40,041 shares of the company’s stock worth $5,876,000 after purchasing an additional 21,631 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.