DT Midstream Stock Price, News & Analysis (NYSE:DTM)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DT Midstream in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.

8 brokerages have issued twelve-month price objectives for DT Midstream's stock. Their DTM share price targets range from $54.00 to $60.00. On average, they expect the company's share price to reach $57.25 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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DT Midstream's stock was trading at $55.26 at the beginning of the year. Since then, DTM shares have increased by 3.7% and is now trading at $57.31.
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DT Midstream saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,200,000 shares, an increase of 5.3% from the October 31st total of 3,040,000 shares. Based on an average daily volume of 651,900 shares, the short-interest ratio is presently 4.9 days. Currently, 3.3% of the shares of the company are sold short.
View DT Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our DTM earnings forecast.

DT Midstream, Inc. (NYSE:DTM) released its earnings results on Wednesday, November, 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The firm had revenue of $234 million for the quarter, compared to the consensus estimate of $226.76 million. DT Midstream had a trailing twelve-month return on equity of 8.46% and a net margin of 37.78%. During the same quarter in the prior year, the business posted $0.90 EPS.

DT Midstream announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Monday, December 18th will be given a dividend of $0.69 per share on Monday, January 15th. This represents a $2.76 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Friday, December 15th.
Read our dividend analysis for DTM.

DT Midstream (NYSE:DTM) pays an annual dividend of $2.76 per share and currently has a dividend yield of 4.83%. DTM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 76.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DTM will have a dividend payout ratio of 72.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

ETFs with the largest weight of DT Midstream (NYSE:DTM) stock in their portfolio include First Trust EIP Carbon Impact ETF (ECLN), Alerian Energy Infrastructure ETF (ENFR), VanEck Energy Income ETF (EINC), Global X MLP & Energy Infrastructure ETF (MLPX), Invesco S&P Spin-Off ETF (CSD), USCF Midstream Energy Income Fund (UMI), First Trust North American Energy Infrastructure Fund (EMLP) and Pacer American Energy Independence ETF (USAI).

DT Midstream issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $3.50 to $3.66 for the period, compared to the consensus earnings per share estimate of $3.64.

DT Midstream's stock is owned by many different retail and institutional investors. Top institutional shareholders include Mitsubishi UFJ Trust & Banking Corp (2.64%), JPMorgan Chase & Co. (1.99%), Bank of New York Mellon Corp (1.23%), Morgan Stanley (1.10%), Reaves W H & Co. Inc. (0.99%) and Invesco Ltd. (0.95%). Insiders that own company stock include David Slater, Jeffrey A Jewell, Peter I Tumminello and Robert C Skaggs Jr.
View institutional ownership trends.

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.
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