Scotiabank Has Negative View of DT Midstream FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for DT Midstream to $4.76 from $4.84, while maintaining a “Sector Outperform” rating and a $168 price target. It projects FY2027 EPS of $5.13.
• DT Midstream recently reported quarterly EPS of $1.09, missing the $1.17 consensus estimate, although revenue of $332.57 million exceeded expectations. The company’s FY2026 guidance remains $4.42–$4.82 EPS.
• The stock opened at $129.05, below its 50-day and 200-day moving averages, while the company declared a quarterly dividend of $0.88 per share, equivalent to a 2.7% annualized yield.

DT Midstream, Inc. (NYSE:DTM - Free Report) - Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of DT Midstream in a research note issued on Thursday, September 10th. Scotiabank analyst B. Bingham now forecasts that the company will post earnings per share of $4.76 for the year, down from their previous forecast of $4.84. Scotiabank has a "Sector Outperform" rating and a $168.00 price objective on the stock. The consensus estimate for DT Midstream's current full-year earnings is $4.59 per share. Scotiabank also issued estimates for DT Midstream's FY2027 earnings at $5.13 EPS.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The firm had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. During the same period in the previous year, the firm earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS.

DTM has been the topic of several other research reports. Mizuho cut their target price on DT Midstream from $153.00 to $147.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Wolfe Research raised shares of DT Midstream from a "peer perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research report on Wednesday, August 26th. Morgan Stanley upgraded DT Midstream from an "equal weight" rating to an "overweight" rating and set a $170.00 price objective for the company in a report on Wednesday. Jefferies Financial Group set a $155.00 price objective on shares of DT Midstream in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $146.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.86.

DT Midstream Stock Up 0.1%

Shares of NYSE DTM opened at $129.05 on Monday. The firm's 50-day moving average price is $136.42 and its 200-day moving average price is $139.03. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 12-month low of $104.25 and a 12-month high of $152.88. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 3.59 and a beta of 0.70.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. DT Midstream's dividend payout ratio (DPR) is presently 77.02%.

Institutional Investors Weigh In On DT Midstream

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in DT Midstream by 6.9% during the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company's stock worth $369,855,000 after buying an additional 200,114 shares during the last quarter. Eventide Asset Management LLC lifted its holdings in shares of DT Midstream by 115.4% in the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company's stock worth $47,266,000 after acquiring an additional 211,471 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of DT Midstream by 26.3% during the first quarter. California State Teachers Retirement System now owns 120,551 shares of the company's stock worth $16,235,000 after buying an additional 25,099 shares during the period. Walleye Capital LLC acquired a new position in shares of DT Midstream in the first quarter valued at approximately $1,669,000. Finally, First Trust Advisors LP grew its stake in DT Midstream by 5.7% during the 1st quarter. First Trust Advisors LP now owns 350,989 shares of the company's stock worth $47,268,000 after purchasing an additional 18,843 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Company Profile

DT Midstream, Inc NYSE: DTM is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company's operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.