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

Key Points

• Analysts maintain a “Moderate Buy” consensus on DT Midstream, with 10 buy, 4 hold and 1 sell rating. The average 12-month price target is $151.36, above the reported share price of $124.58.
• Institutional investors own 81.53% of the company, with several firms increasing their positions during the third quarter.
• DT Midstream reported quarterly EPS of $1.09, below the $1.17 consensus, though revenue of $332.57 million exceeded estimates. The company also pays a quarterly dividend of $0.88 per share, equating to a 2.8% annualized yield.

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $151.36.

Several research firms have commented on DTM. Wall Street Zen lowered shares of DT Midstream from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. The Goldman Sachs Group reissued a "sell" rating and set a $121.00 target price on shares of DT Midstream in a research report on Wednesday, October 14th. Scotiabank set a $165.00 target price on DT Midstream in a research note on Thursday, October 15th. JPMorgan Chase & Co. boosted their target price on DT Midstream from $146.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Finally, 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in shares of DT Midstream by 1.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,375 shares of the company's stock valued at $1,313,000 after buying an additional 98 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of DT Midstream by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,424 shares of the company's stock worth $2,097,000 after acquiring an additional 202 shares during the period. Foguth Wealth Management LLC. grew its stake in shares of DT Midstream by 11.4% during the 3rd quarter. Foguth Wealth Management LLC. now owns 4,126 shares of the company's stock worth $510,000 after acquiring an additional 423 shares during the period. TD Waterhouse Canada Inc. increased its holdings in DT Midstream by 20.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 11,455 shares of the company's stock worth $1,376,000 after acquiring an additional 1,978 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its holdings in DT Midstream by 15.2% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 11,226 shares of the company's stock worth $1,341,000 after acquiring an additional 1,481 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

DT Midstream Stock Performance

NYSE DTM opened at $124.58 on Thursday. The company has a fifty day moving average price of $126.77 and a 200-day moving average price of $136.31. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. DT Midstream has a 1 year low of $104.99 and a 1 year high of $152.88.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly 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). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same period in the previous year, the business earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream will post 4.57 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

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.

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