DT Midstream (DTM) to Release Earnings on Wednesday

DT Midstream (NYSE:DTM - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect DT Midstream to post earnings of $1.07 per share and revenue of $285.48 million for the quarter.

DT Midstream Stock Performance

Shares of DT Midstream stock traded up $0.05 during trading hours on Monday, reaching $98.76. The company's stock had a trading volume of 968,219 shares, compared to its average volume of 850,642. The company's 50 day simple moving average is $94.91 and its 200 day simple moving average is $98.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. DT Midstream has a one year low of $61.01 and a one year high of $114.50. The stock has a market cap of $10.03 billion, a P/E ratio of 24.03 and a beta of 0.77.

DT Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a $0.82 dividend. This is an increase from DT Midstream's previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, March 17th. DT Midstream's dividend payout ratio (DPR) is presently 91.11%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of DT Midstream from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. US Capital Advisors upgraded shares of DT Midstream from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Morgan Stanley raised their price target on shares of DT Midstream from $92.00 to $105.00 and gave the company an "underweight" rating in a research note on Tuesday, March 25th. Raymond James boosted their price objective on DT Midstream from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Bank of America assumed coverage on DT Midstream in a research report on Monday, March 24th. They set a "buy" rating and a $110.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, DT Midstream has an average rating of "Hold" and an average price target of $104.67.

Insider Buying and Selling at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $86.92 per share, with a total value of $86,920.00. Following the purchase, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.