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BABA   86.99 (+3.07%)
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NYSE:DTM

DT Midstream (DTM) Stock Forecast, Price & News

$47.60
+0.05 (+0.11%)
(As of 03:09 PM ET)
Compare
Today's Range
$47.18
$48.01
50-Day Range
$45.45
$49.37
52-Week Range
$45.10
$61.12
Volume
180,805 shs
Average Volume
677,781 shs
Market Capitalization
$4.61 billion
P/E Ratio
12.49
Dividend Yield
5.80%
Price Target
$57.17

DT Midstream MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
19.9% Upside
$57.17 Price Target
Short Interest
Bearish
3.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.41mentions of DT Midstream in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$400,005 Bought Last Quarter
Proj. Earnings Growth
9.40%
From $3.51 to $3.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Oils/Energy Sector

78th out of 244 stocks

Natural Gas Transmission Industry

6th out of 18 stocks


DTM stock logo

About DT Midstream (NYSE:DTM) Stock

DT Midstream, Inc. provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities. The company engages in the transportation and storage of natural gas for intermediate and end user customers; and collecting natural gas from points at or near customers' wells for delivery to plants for processing, to gathering pipelines for gathering, or to pipelines for transportation, as well as offers compression, dehydration, gas treatment, water impoundment, water storage, water transportation, and sand mining services. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.

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DTM Stock News Headlines

DT Midstream Publishes Annual Sustainability Report
DT Midstream: Asset Optimization Fostering Growth
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
DT Midstream Incorporation Registered Shs When Issued
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Recap: DT Midstream Q1 Earnings
Earnings Outlook For DT Midstream
DT Midstream (DTM) to Release Quarterly Earnings on Tuesday
See More Headlines

DTM Price History

DTM Company Calendar

Ex-Dividend for 4/15 Dividend
3/17/2023
Dividend Payable
4/15/2023
Last Earnings
5/02/2023
Today
6/06/2023
Ex-Dividend for 7/15 Dividend
6/15/2023
Dividend Payable
7/15/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
280
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$57.17
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+20.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$370 million
Pretax Margin
53.62%

Debt

Sales & Book Value

Annual Sales
$920 million
Cash Flow
$5.44 per share
Book Value
$42.94 per share

Miscellaneous

Free Float
96,803,000
Market Cap
$4.61 billion
Optionable
Not Optionable
Beta
0.76

Key Executives

  • Mr. Robert C. Skaggs Jr.Mr. Robert C. Skaggs Jr. (Age 68)
    Exec. Chairman
  • Mr. David J. Slater (Age 55)
    Pres, CEO & Director
    Comp: $1.87M
  • Mr. Jeffrey A. Jewell (Age 55)
    Exec. VP, CFO & Chief Accounting Officer
    Comp: $1.19M
  • Mr. Christopher Zona (Age 49)
    Exec. VP & COO
    Comp: $1.07M
  • Ms. Wendy A.T. Ellis (Age 56)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $794.31k
  • Ms. Melissa Cox
    Sr. VP of Admin.
  • Todd Lohrmann
    Director of Investor Relations













DTM Stock - Frequently Asked Questions

Should I buy or sell DT Midstream stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DT Midstream in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTM, but not buy additional shares or sell existing shares.
View DTM analyst ratings
or view top-rated stocks.

What is DT Midstream's stock price forecast for 2023?

7 Wall Street research analysts have issued 12 month target prices for DT Midstream's shares. Their DTM share price forecasts range from $54.00 to $60.00. On average, they expect the company's stock price to reach $57.17 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for DTM
or view top-rated stocks among Wall Street analysts.

How have DTM shares performed in 2023?

DT Midstream's stock was trading at $55.26 at the beginning of 2023. Since then, DTM stock has decreased by 13.9% and is now trading at $47.57.
View the best growth stocks for 2023 here
.

Are investors shorting DT Midstream?

DT Midstream saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,930,000 shares, an increase of 16.3% from the April 30th total of 2,520,000 shares. Based on an average daily volume of 703,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.0% of the shares of the stock are sold short.
View DT Midstream's Short Interest
.

When is DT Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our DTM earnings forecast
.

How were DT Midstream's earnings last quarter?

DT Midstream, Inc. (NYSE:DTM) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by $0.08. The company earned $220 million during the quarter, compared to analysts' expectations of $238.44 million. DT Midstream had a net margin of 40.00% and a trailing twelve-month return on equity of 8.21%. During the same period in the prior year, the firm posted $0.84 earnings per share.

How often does DT Midstream pay dividends? What is the dividend yield for DT Midstream?

DT Midstream announced a quarterly dividend on Friday, May 5th. Investors of record on Monday, June 19th will be given a dividend of $0.69 per share on Saturday, July 15th. This represents a $2.76 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for DTM
.

Is DT Midstream a good dividend stock?

DT Midstream (NYSE:DTM) pays an annual dividend of $2.76 per share and currently has a dividend yield of 5.78%. DTM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTM will have a dividend payout ratio of 71.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

What is DT Midstream's stock symbol?

DT Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTM."

Who are DT Midstream's major shareholders?

DT Midstream's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.21%), Mitsubishi UFJ Trust & Banking Corp (3.42%), State Street Corp (3.06%), Dimensional Fund Advisors LP (2.09%), JPMorgan Chase & Co. (1.84%) and Geode Capital Management LLC (1.74%). Insiders that own company stock include David Slater, Jeffrey A Jewell, Peter I Tumminello and Robert C Skaggs Jr.
View institutional ownership trends
.

How do I buy shares of DT Midstream?

Shares of DTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is DT Midstream's stock price today?

One share of DTM stock can currently be purchased for approximately $47.57.

How much money does DT Midstream make?

DT Midstream (NYSE:DTM) has a market capitalization of $4.61 billion and generates $920 million in revenue each year. The company earns $370 million in net income (profit) each year or $3.81 on an earnings per share basis.

How many employees does DT Midstream have?

The company employs 280 workers across the globe.

How can I contact DT Midstream?

The official website for the company is www.dtmidstream.com. The company can be reached via phone at 313-402-8532 or via email at investor_relations@dtmidstream.com.

This page (NYSE:DTM) was last updated on 6/6/2023 by MarketBeat.com Staff

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