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

Key Points

• DT Midstream, Inc. has a consensus rating of “Hold” from 12 research firms, with 2 sell ratings, 4 holds, and 6 buy ratings.
• The company recently announced a quarterly dividend of $0.82, representing a 3.1% yield, and has set its FY 2025 EPS guidance at 4.050-4.450.
• In recent insider trading, VP Melissa Cox sold 4,755 shares of the company, indicating a significant decrease in personal ownership by 47.90%.

DT Midstream, Inc. (NYSE:DTM - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $110.6667.

A number of equities analysts have commented on DTM shares. Mizuho raised their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Morgan Stanley raised their price objective on DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company lifted their price target on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, August 1st.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of DT Midstream 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 transaction, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On DT Midstream

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

DT Midstream Price Performance

DT Midstream stock traded down $0.43 during mid-day trading on Wednesday, reaching $107.27. 2,410,082 shares of the company were exchanged, compared to its average volume of 677,679. The company has a fifty day simple moving average of $103.61 and a 200-day simple moving average of $101.35. DT Midstream has a 12 month low of $76.13 and a 12 month high of $114.50. 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 firm has a market cap of $10.90 billion, a PE ratio of 28.76, a PEG ratio of 2.35 and a beta of 0.77.

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

DT Midstream Dividend Announcement

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. The ex-dividend date is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. DT Midstream's dividend payout ratio (DPR) is presently 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.