FY2024 EPS Estimates for DT Midstream, Inc. (NYSE:DTM) Lowered by Analyst

DT Midstream, Inc. (NYSE:DTM - Free Report) - Stock analysts at US Capital Advisors decreased their FY2024 earnings per share (EPS) estimates for DT Midstream in a note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $3.80 for the year, down from their previous forecast of $3.81. US Capital Advisors has a "Hold" rating on the stock. The consensus estimate for DT Midstream's current full-year earnings is $3.95 per share.

Other research analysts have also recently issued research reports about the company. Mizuho lifted their target price on DT Midstream from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday. Wolfe Research upgraded DT Midstream from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on DT Midstream from $62.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Barclays lifted their target price on DT Midstream from $59.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.50.

DT Midstream Stock Up 1.6 %

NYSE DTM traded up $0.98 during trading hours on Thursday, reaching $62.61. 645,493 shares of the company's stock were exchanged, compared to its average volume of 693,180. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 15.22 and a beta of 0.71. DT Midstream has a one year low of $45.10 and a one year high of $64.69. The company's 50-day moving average is $60.45 and its two-hundred day moving average is $56.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63.

DT Midstream (NYSE:DTM - Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. DT Midstream had a net margin of 42.46% and a return on equity of 9.45%. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $242.62 million. During the same quarter in the prior year, the firm earned $0.84 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of DT Midstream during the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC acquired a new position in DT Midstream in the fourth quarter valued at about $25,000. Mather Group LLC. acquired a new position in DT Midstream in the first quarter valued at about $29,000. ICA Group Wealth Management LLC acquired a new position in DT Midstream in the fourth quarter valued at about $32,000. Finally, Burkett Financial Services LLC acquired a new position in DT Midstream in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 81.53% of the company's stock.

Insider Buying and Selling at DT Midstream

In other news, Director Robert C. Skaggs, Jr. purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $56.87 per share, with a total value of $56,870.00. Following the purchase, the director now directly owns 37,289 shares of the company's stock, valued at approximately $2,120,625.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by company insiders.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.94 dividend on an annualized basis and a yield of 4.70%. DT Midstream's dividend payout ratio (DPR) is currently 71.71%.

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.