DT Midstream, Inc. (NYSE:DTM) Receives Consensus Rating of "Hold" from 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 received a consensus rating of "Hold" from the twelve research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $110.6667.

A number of brokerages recently commented on DTM. Mizuho upped their target price on DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Morgan Stanley upped their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company lifted their target price on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Barclays lifted their price objective on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th.

Insider Buying and Selling

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 transaction of $496,754.85. Following the completion of the transaction, the vice president owned 5,171 shares of the company's stock, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. 59 North Capital Management LP bought a new position in shares of DT Midstream during the second quarter valued at approximately $226,757,000. Norges Bank purchased a new stake in shares of DT Midstream in the 2nd quarter worth approximately $143,743,000. Zimmer Partners LP bought a new position in DT Midstream during the 4th quarter valued at approximately $74,572,000. Vanguard Group Inc. raised its stake in DT Midstream by 5.9% during the first quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company's stock valued at $1,078,161,000 after buying an additional 621,183 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in DT Midstream by 9,693.3% in the first quarter. GAMMA Investing LLC now owns 390,262 shares of the company's stock worth $37,652,000 after acquiring an additional 386,277 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

DT Midstream stock opened at $104.74 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.64 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.32 and a beta of 0.77. DT Midstream has a 1-year low of $76.13 and a 1-year high of $114.50. The firm has a 50-day moving average of $103.32 and a 200-day moving average of $101.12.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly 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 return on equity of 8.48% and a net margin of 33.90%.The company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. During the same quarter in the previous year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Sell-side analysts expect that DT Midstream will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio is presently 87.94%.

About DT Midstream

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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