DT Midstream (NYSE:DTM) Trading 5% Higher - What's Next?

Key Points

• DT Midstream shares rose about 5% to roughly $133.07, although trading volume was 56% below the average session volume.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $153.43; nine analysts rate the stock a Buy, five a Hold and one a Sell.
• The company reported quarterly EPS of $1.09, below the $1.17 consensus, but revenue of $332.57 million exceeded expectations. DT Midstream also declared a quarterly dividend of $0.88 per share, equating to a 2.6% annualized yield.

DT Midstream, Inc. (NYSE:DTM - Get Free Report)'s stock price traded up 5% during mid-day trading on Wednesday . The stock traded as high as $133.34 and last traded at $133.0650. Approximately 353,602 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 807,524 shares. The stock had previously closed at $126.74.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group set a $155.00 price target on DT Midstream in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on DT Midstream from $146.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Citigroup boosted their target price on shares of DT Midstream from $156.00 to $169.00 and gave the company a "buy" rating in a report on Monday, May 4th. Weiss Ratings downgraded shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. Finally, Mizuho decreased their price target on shares of DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $153.43.

DT Midstream Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $13.56 billion, a P/E ratio of 29.11, a PEG ratio of 3.54 and a beta of 0.72. The business has a 50-day moving average price of $140.48 and a 200 day moving average price of $139.22.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period last year, the business earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts forecast that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. DT Midstream's dividend payout ratio (DPR) is presently 77.02%.

Hedge Funds Weigh In On DT Midstream

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its position in DT Midstream by 13,950.9% during the 2nd quarter. California State Teachers Retirement System now owns 16,938,492 shares of the company's stock valued at $2,485,554,000 after purchasing an additional 16,817,941 shares during the last quarter. Norges Bank purchased a new position in DT Midstream in the fourth quarter worth about $115,715,000. BlackRock Inc. purchased a new position in DT Midstream in the second quarter worth about $18,758,000. Merewether Investment Management LP lifted its stake 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 worth $113,128,000 after buying an additional 658,400 shares in the last quarter. Finally, Clark Capital Management Group Inc. grew its holdings in shares of DT Midstream by 414.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company's stock valued at $44,030,000 after buying an additional 296,348 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

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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