DT Midstream (NYSE:DTM) Given New $167.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised DT Midstream’s price target from $165 to $167 and maintained an “overweight” rating, implying about 33% upside from the prior close. The broader analyst consensus is “Moderate Buy,” with a $151.50 target.
• DT Midstream’s quarterly EPS of $1.16 beat expectations of $1.13, although revenue of $336 million was slightly below consensus. The company also raised its 2026 adjusted EBITDA guidance to $1.185 billion–$1.225 billion and sanctioned roughly $400 million in new projects.
• Shares fell 1.1% to $125.55 during Friday trading, while institutional investors continued to hold a large stake, owning approximately 81.5% of the company.

DT Midstream (NYSE:DTM - Get Free Report) had its target price hoisted by analysts at Wells Fargo & Company from $165.00 to $167.00 in a report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 33.02% from the company's previous close.

Several other brokerages have also recently issued reports on DTM. Wall Street Zen cut shares of DT Midstream from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Mizuho lowered their price target on DT Midstream from $153.00 to $147.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Barclays cut their price target on DT Midstream from $143.00 to $142.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Weiss Ratings cut shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, Scotiabank set a $165.00 price objective on shares of DT Midstream in a research report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.50.

DT Midstream Stock Down 1.1%

DT Midstream stock traded down $1.44 during mid-day trading on Friday, reaching $125.55. The stock had a trading volume of 273,628 shares, compared to its average volume of 838,750. The firm has a market capitalization of $12.81 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The stock's 50-day simple moving average is $125.78 and its 200-day simple moving average is $134.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. DT Midstream has a fifty-two week low of $108.13 and a fifty-two week high of $152.88.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.03. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $337.63 million. During the same period in the previous year, the firm earned $1.13 EPS. On average, sell-side analysts forecast that DT Midstream will post 4.68 EPS for the current fiscal year.

Hedge Funds Weigh In On DT Midstream

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of DT Midstream by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 892,353 shares of the company's stock worth $120,173,000 after buying an additional 3,689 shares during the period. Chickasaw Capital Management LLC lifted its position in shares of DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company's stock valued at $62,430,000 after acquiring an additional 143,766 shares in the last quarter. Energy Income Partners LLC increased its holdings in shares of DT Midstream by 1.0% in the 1st quarter. Energy Income Partners LLC now owns 429,858 shares of the company's stock valued at $57,889,000 after purchasing an additional 4,189 shares during the period. Recurrent Investment Advisors LLC grew its holdings in shares of DT Midstream by 0.4% during the 1st quarter. Recurrent Investment Advisors LLC now owns 355,156 shares of the company's stock valued at $47,829,000 after acquiring an additional 1,370 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of DT Midstream by 5.7% during the 1st 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 last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

Key Stories Impacting DT Midstream

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Quarterly earnings beat expectations. DT Midstream reported third-quarter net income and operating earnings of $118 million, or $1.16 per diluted share, compared with the $1.13 consensus estimate. Adjusted EBITDA was $301 million, while net margin reached 35.72%. DT Midstream Reports Strong Third Quarter 2026 Results; Raises Adjusted EBITDA Guidance
• Positive Sentiment: DT Midstream raised its 2026 adjusted EBITDA guidance to $1.185 billion-$1.225 billion and sanctioned approximately $400 million of new projects. The increased outlook and additional growth investments support expectations for stronger future cash flow. DT Midstream raises 2026 adjusted EBITDA guidance
• Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a reported yield of approximately 2.8%. The dividend is payable January 15, 2027, to investors of record December 15. DT Midstream Declares Dividend
• Neutral Sentiment: Revenue was slightly below expectations. Third-quarter revenue totaled $336 million versus the $337.63 million consensus estimate. Management also narrowed its 2026 operating EPS outlook, making the earnings beat less clearly positive for investors.
• Negative Sentiment: US Capital Advisors reduced its FY2028 EPS forecast to $5.55 from $5.62, signaling somewhat lower expectations for longer-term earnings growth. DT Midstream analyst estimate update

About DT Midstream

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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