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NYSE:DTM

DT Midstream - DTM Stock Forecast, Price & News

$47.90
-0.86 (-1.76%)
(As of 03/22/2023 03:46 PM ET)
Add
Compare
Today's Range
$47.85
$49.00
50-Day Range
$46.41
$55.42
52-Week Range
$45.58
$61.12
Volume
291,784 shs
Average Volume
686,252 shs
Market Capitalization
$4.64 billion
P/E Ratio
12.57
Dividend Yield
5.76%
Price Target
$59.20

DT Midstream MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
22.0% Upside
$59.20 Price Target
Short Interest
Bearish
2.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.30mentions of DT Midstream in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.74%
From $4.01 to $4.24 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Oils/Energy Sector

128th out of 242 stocks

Natural Gas Transmission Industry

12th out of 20 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

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
What 6 Analyst Ratings Have To Say About DT Midstream
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
DT Midstream, Inc. (DTM) Q4 2022 Earnings Call Transcript
Barclays Keeps Their Buy Rating on DT Midstream (DTM)
DT Midstream: Q4 Earnings Snapshot
DT Midstream Raises Quarterly Dividend by 7.8% >DTM
DT Midstream Sets 2023 Annual Meeting Date
DTM DT Midstream, Inc.
6 Analysts Have This to Say About DT Midstream
See More Headlines
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DTM Company Calendar

Ex-Dividend for 1/15 Dividend
12/16/2022
Dividend Payable
1/15/2023
Last Earnings
2/16/2023
Ex-Dividend for 4/15 Dividend
3/17/2023
Today
3/22/2023
Dividend Payable
4/15/2023
Next Earnings (Estimated)
5/04/2023
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
$59.20
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+21.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$370 million
Pretax Margin
52.39%

Debt

Sales & Book Value

Annual Sales
$920 million
Cash Flow
$5.74 per share
Book Value
$42.94 per share

Miscellaneous

Free Float
96,849,000
Market Cap
$4.72 billion
Optionable
Not Optionable
Beta
0.80

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?

6 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 2 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?

6 Wall Street research analysts have issued twelve-month target prices for DT Midstream's stock. Their DTM share price forecasts range from $54.00 to $64.00. On average, they expect the company's stock price to reach $59.20 in the next twelve months. This suggests a possible upside of 21.4% 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 start of the year. Since then, DTM stock has decreased by 11.8% and is now trading at $48.76.
View the best growth stocks for 2023 here
.

When is DT Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our DTM earnings forecast
.

How were DT Midstream's earnings last quarter?

DT Midstream, Inc. (NYSE:DTM) announced its earnings results on Thursday, February, 16th. The company reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by $0.02. The company had revenue of $243 million for the quarter, compared to analyst estimates of $238.07 million. DT Midstream had a net margin of 40.22% and a trailing twelve-month return on equity of 8.27%. During the same period in the previous year, the business earned $0.89 earnings per share.

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

DT Midstream declared a quarterly dividend on Thursday, February 16th. Stockholders of record on Monday, March 20th will be paid a dividend of $0.69 per share on Saturday, April 15th. This represents a $2.76 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Friday, March 17th. This is a boost from the stock's previous quarterly dividend of $0.64.
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 5.95%. 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 65.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

What guidance has DT Midstream issued on next quarter's earnings?

DT Midstream issued an update on its FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $3.50-$3.66 for the period, compared to the consensus estimate of $3.89. The company issued revenue guidance of -.

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 a number of retail and institutional investors. Top institutional investors include Energy Income Partners LLC (3.26%), Mitsubishi UFJ Trust & Banking Corp (2.91%), Cardinal Capital Management LLC CT (1.95%), Dimensional Fund Advisors LP (1.75%), Geode Capital Management LLC (1.71%) and Kayne Anderson Capital Advisors LP (1.65%). Insiders that own company stock include 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 $48.76.

How much money does DT Midstream make?

DT Midstream (NYSE:DTM) has a market capitalization of $4.72 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 3/22/2023 by MarketBeat.com Staff