DT Midstream, Inc. (NYSE:DTM) Stock Has Consensus Target Price of $151.36

by · The Markets Daily

Shares of DT Midstream, Inc. (NYSE:DTM – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $151.36.

Several research firms recently issued reports on DTM. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Wolfe Research raised DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “sell” rating and issued a $121.00 target price on shares of DT Midstream in a research report on Wednesday, October 14th. Morgan Stanley reduced their target price on shares of DT Midstream from $170.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st.

Check Out Our Latest Stock Analysis on DT Midstream

DT Midstream Trading Up 0.3%

Shares of NYSE:DTM opened at $123.77 on Thursday. DT Midstream has a 12-month low of $104.99 and a 12-month high of $152.88. The business has a 50 day moving average of $126.28 and a 200-day moving average of $136.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The stock has a market cap of $12.63 billion, a PE ratio of 27.08, a P/E/G ratio of 3.47 and a beta of 0.72.

DT Midstream (NYSE:DTM – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. During the same quarter last year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts forecast that DT Midstream will post 4.57 earnings per share for the current year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, September 21st were paid a $0.88 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.8%. DT Midstream’s payout ratio is 77.02%.

Institutional Trading of DT Midstream

A number of institutional investors have recently bought and sold shares of DTM. Bank of New York Mellon Corp grew its position in shares of DT Midstream by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 892,353 shares of the company’s stock worth $120,173,000 after purchasing an additional 3,689 shares in the last quarter. Chickasaw Capital Management LLC raised its position in shares of DT Midstream by 38.0% in the third quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock valued at $62,430,000 after buying an additional 143,766 shares in the last quarter. Energy Income Partners LLC raised its position in shares of DT Midstream by 1.0% in the first quarter. Energy Income Partners LLC now owns 429,858 shares of the company’s stock valued at $57,889,000 after buying an additional 4,189 shares in the last quarter. Recurrent Investment Advisors LLC boosted its stake in shares of DT Midstream by 0.4% in the first quarter. Recurrent Investment Advisors LLC now owns 355,156 shares of the company’s stock valued at $47,829,000 after buying an additional 1,370 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of DT Midstream by 5.7% in the first quarter. First Trust Advisors LP now owns 350,989 shares of the company’s stock valued at $47,268,000 after buying an additional 18,843 shares during the period. Institutional investors own 81.53% of the company’s stock.

About DT Midstream

(Get Free Report)

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.

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