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

Key Points

• DT Midstream, Inc. has received a consensus recommendation of "Hold" from eleven analysts, with an average 12-month price target of $110.91.
• The company recently reported earnings of $1.04 per share for the last quarter, exceeding estimates, and provided FY 2025 guidance of 4.050-4.450 EPS.
• DT Midstream declared a quarterly dividend of $0.82 per share, with an annualized dividend yield of 3.2%.

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $110.9091.

DTM has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley raised their price target on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Barclays raised their price target on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus raised their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st.

Insider Transactions at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the sale, the vice president directly owned 5,171 shares in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC boosted its position in shares of DT Midstream by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company's stock valued at $286,000 after acquiring an additional 106 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of DT Midstream by 2.5% during the 1st quarter. Independent Advisor Alliance now owns 4,713 shares of the company's stock valued at $455,000 after acquiring an additional 117 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock valued at $42,000 after acquiring an additional 123 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of DT Midstream by 15.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company's stock valued at $107,000 after acquiring an additional 130 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after acquiring an additional 135 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Performance

NYSE:DTM traded up $2.23 during midday trading on Friday, reaching $104.04. The stock had a trading volume of 952,044 shares, compared to its average volume of 736,318. DT Midstream has a 1-year low of $73.52 and a 1-year high of $114.50. The firm's fifty day simple moving average is $103.66 and its 200-day simple moving average is $100.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $10.57 billion, a P/E ratio of 27.89, a PEG ratio of 1.84 and a beta of 0.77.

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

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

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.