DT Midstream, Inc. (NYSE:DTM) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• DT Midstream has a “Moderate Buy” consensus among 15 analysts, with nine buy ratings, five holds and one sell. The average 12-month price target is $153.43, above the stock’s $129.95 opening price.
• The company reported quarterly EPS of $1.09, missing the $1.17 consensus estimate, although revenue of $332.57 million exceeded expectations. Analysts anticipate full-year EPS of approximately $4.55.
• DT Midstream declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a 2.7% yield. Institutional investors own 81.53% of the company’s stock.

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $153.4286.

A number of equities research analysts have recently weighed in on DTM shares. Wall Street Zen downgraded DT Midstream from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Weiss Ratings cut DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, August 21st. UBS Group raised their target price 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. Scotiabank started coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They set an "outperform" rating and a $176.00 price target for the company. Finally, Jefferies Financial Group set a $155.00 price target on shares of DT Midstream in a research note on Friday, July 31st.

DT Midstream Trading Down 0.8%

DTM opened at $129.95 on Wednesday. DT Midstream has a 1-year low of $101.72 and a 1-year high of $152.88. The stock has a market capitalization of $13.26 billion, a PE ratio of 28.44, a PEG ratio of 3.68 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $139.17 and a two-hundred day moving average price of $139.27.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The company had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same period last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts anticipate that DT Midstream will post 4.55 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, September 21st. DT Midstream's payout ratio is currently 77.02%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DTM. Principal Financial Group Inc. boosted its holdings in DT Midstream by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 513,541 shares of the company's stock worth $61,462,000 after buying an additional 13,212 shares during the last quarter. Deutsche Bank AG grew its position in shares of DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company's stock worth $369,855,000 after buying an additional 200,114 shares during the period. UBS Group AG increased its stake in shares of DT Midstream by 9.1% in the 4th quarter. UBS Group AG now owns 528,575 shares of the company's stock valued at $63,260,000 after acquiring an additional 44,233 shares during the last quarter. Eventide Asset Management LLC raised its position in shares of DT Midstream by 115.4% in the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company's stock valued at $47,266,000 after acquiring an additional 211,471 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of DT Midstream in the 1st quarter valued at approximately $1,669,000. Institutional investors and hedge funds own 81.53% of the company's stock.

About DT Midstream

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.

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