DT Midstream (NYSE:DTM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded DT Midstream from a "sell" to a "hold," while overall analyst coverage is mixed with an average rating of Hold and an average target price of $147.67.
• DT Midstream beat Q1 expectations (EPS $1.27 vs. $1.11; revenue $336M vs. ~$314M), declared a $0.88 quarterly dividend, and set FY‑2026 guidance of $4.420–4.820 while outlining a Vector expansion to add ~400 MMcf/d by Q4 2028.

DT Midstream (NYSE:DTM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts also recently commented on the company. Barclays upped their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research note on Friday. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the stock a "hold" rating in a research note on Monday, February 23rd. Mizuho upped their price objective on DT Midstream from $108.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 17th. Raymond James Financial restated an "outperform" rating and set a $158.00 price objective on shares of DT Midstream in a research note on Thursday. Finally, The Goldman Sachs Group upped their price objective on DT Midstream from $111.00 to $127.00 and gave the stock a "sell" rating in a research note on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $147.67.

DT Midstream Price Performance

Shares of DTM opened at $147.70 on Friday. The company has a market cap of $15.07 billion, a P/E ratio of 34.27, a PEG ratio of 3.07 and a beta of 0.75. The stock has a fifty day moving average price of $136.36 and a 200 day moving average price of $124.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. DT Midstream has a 12 month low of $98.06 and a 12 month high of $150.45.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.55% and a net margin of 36.28%.During the same period in the prior year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts forecast that DT Midstream will post 4.63 earnings per share for the current year.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of DT Midstream stock in a transaction on Wednesday, February 25th. The stock was bought at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the transaction, the chief financial officer owned 89,583 shares of the company's stock, valued at $12,212,850.39. The trade was a 0.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DTM. 59 North Capital Management LP lifted its holdings in shares of DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company's stock valued at $347,556,000 after buying an additional 1,010,965 shares during the period. Norges Bank acquired a new stake in shares of DT Midstream in the fourth quarter valued at $115,715,000. Merewether Investment Management LP lifted its holdings in shares of DT Midstream by 192.4% in the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company's stock valued at $113,128,000 after buying an additional 658,400 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of DT Midstream in the third quarter valued at $43,347,000. Finally, Holocene Advisors LP lifted its holdings in shares of DT Midstream by 117.7% in the third quarter. Holocene Advisors LP now owns 554,059 shares of the company's stock valued at $62,642,000 after buying an additional 299,609 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

Key Stories Impacting DT Midstream

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Q1 results materially beat expectations: $1.27 EPS vs. $1.11 consensus, revenue $336M vs. ~$314M est., and Adjusted EBITDA of $308M — signals underlying business strength and helped lift operating earnings. DT Midstream Reports Strong First Quarter 2026 Results
• Positive Sentiment: Board declared a quarterly dividend of $0.88 per share (record June 15, payable July 15) — supports income-oriented investors and reduces downside risk from yield compression.
• Positive Sentiment: Growth update: company outlined Vector pipeline expansion to add ~400 MMcf/d by Q4 2028 and increased 2026–27 committed capital to about $400M–$440M — signals long‑term volume growth and infrastructure investment that could drive future EBITDA. DT Midstream outlines Vector +400 MMcf/d by Q4 2028
• Neutral Sentiment: FY‑2026 EPS guidance set to $4.420–4.820 (company range vs. consensus ~4.68) — range covers the street but the midpoint is slightly below consensus, leaving guidance as a mixed signal for near‑term expectations.
• Neutral Sentiment: Management's full Q1 presentation and conference call materials are available for detail on drivers (volumes, fee mix, capex cadence). Investors should review slides and call transcript for color on Vector timing and capital allocation. DT Midstream, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: News coverage (earnings snapshots and previews) is summarizing the beat and guidance; market reaction likely reflects a trade‑off between strong execution this quarter and elevated near‑term spending for Vector. DT Midstream: Q1 Earnings Snapshot

About DT Midstream

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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