FY2027 EPS Forecast for DT Midstream Lifted by Analyst

Key Points

• US Capital Advisors has raised its FY2027 earnings estimate for DT Midstream to $5.04 per share, slightly up from earlier predictions.
• DT Midstream's most recent quarterly earnings report showed an EPS of $1.06, missing analysts' expectations by $0.01.
• The company announced a quarterly dividend of $0.82 per share, with a dividend yield of 3.31%.

DT Midstream, Inc. (NYSE:DTM - Free Report) - Research analysts at US Capital Advisors lifted their FY2027 earnings per share (EPS) estimates for DT Midstream in a note issued to investors on Monday, July 28th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $5.04 for the year, up from their prior forecast of $5.03. US Capital Advisors currently has a "Hold" rating on the stock. The consensus estimate for DT Midstream's current full-year earnings is $3.80 per share.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. The business had revenue of $299.00 million during the quarter, compared to analysts' expectations of $295.70 million. During the same quarter last year, the firm posted $0.98 earnings per share.

Several other equities research analysts have also recently commented on DTM. Morgan Stanley set a $115.00 target price on DT Midstream and gave the stock an "underweight" rating in a research note on Tuesday, June 3rd. Barclays raised their price objective on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company raised their price objective on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $110.64.

DT Midstream Trading Up 2.9%

NYSE DTM traded up $3.02 during trading hours on Tuesday, hitting $105.75. 1,275,524 shares of the company's stock were exchanged, compared to its average volume of 1,027,839. The stock has a 50-day simple moving average of $104.58 and a 200 day simple moving average of $100.82. DT Midstream has a 1-year low of $69.82 and a 1-year high of $114.50. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.83 and a beta of 0.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

Institutional Trading of DT Midstream

A number of hedge funds and other institutional investors have recently made changes to their positions in DTM. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of DT Midstream during the 1st quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in DT Midstream during the 1st quarter valued at about $26,000. Twin Tree Management LP purchased a new stake in DT Midstream during the 1st quarter valued at about $29,000. Bessemer Group Inc. boosted its holdings in DT Midstream by 61.6% during the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in DT Midstream during the 2nd quarter valued at about $38,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DT Midstream's 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.