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

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%.

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $110.9091.

DTM has been the topic of a number of research reports. Morgan Stanley increased their price objective on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Barclays raised their price target on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Stifel Nicolaus raised their price objective on DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, US Capital Advisors cut DT Midstream from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 28th.

DT Midstream Price Performance

NYSE DTM opened at $101.52 on Friday. The firm's fifty day simple moving average is $103.88 and its two-hundred day simple moving average is $100.47. DT Midstream has a 12-month low of $73.52 and a 12-month high of $114.50. The firm has a market capitalization of $10.31 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.87 and a beta of 0.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

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. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The firm had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Analysts forecast that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

Insider Activity

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 stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the sale, the vice president directly owned 5,171 shares of the company's stock, valued at $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On DT Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of DT Midstream during the first quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in DT Midstream during the 1st quarter worth about $26,000. Twin Tree Management LP acquired a new stake in DT Midstream in the first quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC purchased a new position in DT Midstream in the second quarter worth approximately $33,000. Finally, WFA of San Diego LLC purchased a new stake in shares of DT Midstream during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 81.53% of the company's stock.

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.

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