DT Midstream, Inc. (NYSE:DTM) Given Consensus Rating of "Hold" by Brokerages

Key Points

• DT Midstream, Inc. has received an average rating of "Hold" from analysts, with two sell, four hold, and seven buy recommendations.
• The company recently announced a quarterly dividend of $0.82 per share, representing a 3.0% dividend yield.
• After its last earnings report, DT Midstream reported $1.04 EPS, exceeding expectations and setting a FY 2025 guidance of 4.050-4.450 EPS.

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned an average rating of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $114.1667.

Several research firms have issued reports on DTM. Stifel Nicolaus increased their price objective on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Citigroup increased their price objective on shares of DT Midstream from $115.00 to $130.00 and gave the company a "buy" rating in a report on Thursday. Mizuho increased their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of DT Midstream from $114.00 to $118.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Finally, Barclays increased their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday.

DT Midstream Stock Down 1.3%

DTM stock opened at $109.66 on Friday. The firm has a market cap of $11.14 billion, a PE ratio of 29.40, a P/E/G ratio of 2.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm's fifty day moving average is $106.76 and its 200 day moving average is $103.21. DT Midstream has a one year low of $83.30 and a one year high of $115.80.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same period last year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, research analysts forecast that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the transaction, the vice president directly owned 5,171 shares of the company's stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On DT Midstream

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of DT Midstream by 18.9% in the first quarter. CWM LLC now owns 4,201 shares of the company's stock worth $405,000 after buying an additional 669 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of DT Midstream in the first quarter worth about $274,000. Bessemer Group Inc. lifted its stake in shares of DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after buying an additional 135 shares in the last quarter. True Link Financial Advisors LLC purchased a new position in shares of DT Midstream in the first quarter worth about $238,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of DT Midstream by 10.1% in the first quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock worth $13,896,000 after buying an additional 13,243 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

About DT Midstream

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.

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