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

Key Points

• Analysts give DT Midstream a consensus "Hold" rating from 12 firms (1 sell, 5 hold, 6 buy) with an average 1‑year target price of $144.91.
• DT Midstream raised its quarterly dividend to $0.88 (annualized $3.52) for a ~2.5% yield, though the payout ratio is high at about 81.7%.
• The company slightly missed quarterly estimates (EPS $1.08 vs. $1.11 consensus; revenue $317M vs. $320.07M), and the stock trades near $138.83 with a market cap of $14.16B and a 52‑week range of $94.15–$143.67.

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have received a consensus rating of "Hold" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $144.9091.

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on DT Midstream from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, March 13th. Jefferies Financial Group set a $148.00 target price on DT Midstream and gave the company a "buy" rating in a research report on Friday, February 20th. Barclays upped their target price on DT Midstream from $119.00 to $141.00 and gave the company an "equal weight" rating in a research report on Thursday, March 5th. UBS Group upped their target price on DT Midstream from $128.00 to $152.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group upped their target price on DT Midstream from $111.00 to $127.00 and gave the company a "sell" rating in a research report on Monday, April 20th.

DT Midstream Price Performance

DTM stock opened at $138.83 on Thursday. The business has a 50 day moving average price of $136.04 and a 200 day moving average price of $124.70. DT Midstream has a fifty-two week low of $94.15 and a fifty-two week high of $143.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.80 and a beta of 0.75.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by ($0.03). DT Midstream had a net margin of 35.48% and a return on equity of 9.13%. The company had revenue of $317.00 million during the quarter, compared to analysts' expectations of $320.07 million. During the same period last year, the firm earned $0.94 earnings per share. Equities research analysts anticipate that DT Midstream will post 4.63 earnings per share for the current fiscal year.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 16th were given a $0.88 dividend. This is a boost from DT Midstream's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. DT Midstream's payout ratio is currently 81.67%.

Insider Activity

In other news, CFO Jeffrey A. Jewell bought 185 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average cost of $136.33 per share, with a total value of $25,221.05. Following the transaction, the chief financial officer directly owned 89,583 shares in the company, valued at $12,212,850.39. This trade represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of DT Midstream

Large investors have recently made changes to their positions in the company. Deutsche Bank AG increased its position in DT Midstream by 6.9% in the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company's stock valued at $369,855,000 after acquiring an additional 200,114 shares during the period. 59 North Capital Management LP raised its stake in DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company's stock valued at $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in DT Midstream by 10.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company's stock valued at $356,759,000 after acquiring an additional 285,770 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company's stock valued at $301,695,000 after acquiring an additional 99,602 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company's stock valued at $288,191,000 after acquiring an additional 106,533 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Company Profile

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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