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

Key Points

• DT Midstream has a “Moderate Buy” consensus rating from 14 analysts, with seven buys, one strong buy, five holds and one sell. The average 12-month price target is $154.08, above the reported share price of $131.48.
• Recent analyst actions were mixed but generally constructive: UBS raised its target to $170, while Raymond James maintained an outperform rating; Barclays and Mizuho retained neutral-equivalent ratings with targets of $143 and $147, respectively.
• DT Midstream reported quarterly EPS of $1.09, below the $1.17 consensus estimate, though revenue of $332.57 million exceeded expectations. The company also declared a quarterly dividend of $0.88 per share, representing a 2.7% annualized yield.

Shares of DT Midstream, Inc. (NYSE:DTM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $154.0769.

Several brokerages have recently weighed in on DTM. UBS Group upped their price objective on DT Midstream from $152.00 to $170.00 and gave the company a "buy" rating in a report on Friday, May 15th. Raymond James Financial reaffirmed an "outperform" rating and set a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. Weiss Ratings upgraded shares of DT Midstream from a "buy (a-)" rating to a "buy (a)" rating in a research report on Friday, July 24th. Barclays upped their price target on shares of DT Midstream from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Finally, Mizuho reduced their price objective on shares of DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a research report on Friday, July 31st.

Institutional Trading of DT Midstream

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in shares of DT Midstream by 21.6% during the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company's stock valued at $8,711,000 after acquiring an additional 16,043 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company's stock worth $1,315,000 after acquiring an additional 218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of DT Midstream by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company's stock worth $26,652,000 after acquiring an additional 31,894 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after purchasing an additional 123 shares during the period. Finally, Cresset Asset Management LLC raised its position in shares of DT Midstream by 2.6% during the second quarter. Cresset Asset Management LLC now owns 6,300 shares of the company's stock worth $698,000 after purchasing an additional 157 shares during the period. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Stock Performance

DTM opened at $131.48 on Friday. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. DT Midstream has a 1-year low of $100.48 and a 1-year high of $152.88. The business has a 50 day moving average price of $142.56 and a two-hundred day moving average price of $138.34.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. During the same quarter last year, the business posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts predict that DT Midstream will post 4.59 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.7%. DT Midstream's dividend payout ratio is currently 77.02%.

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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