DT Midstream - DTM Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DT Midstream in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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6 brokers have issued 12 month target prices for DT Midstream's shares. Their DTM share price forecasts range from $54.00 to $64.00. On average, they anticipate the company's stock price to reach $59.20 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
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DT Midstream's stock was trading at $55.26 at the beginning of the year. Since then, DTM shares have decreased by 11.8% and is now trading at $48.76.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our DTM earnings forecast.

DT Midstream, Inc. (NYSE:DTM) posted its quarterly earnings results on Thursday, February, 16th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.95 by $0.02. The business earned $243 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.89 EPS.

DT Midstream announced a quarterly dividend on Thursday, February 16th. Investors of record on Monday, March 20th will be given a dividend of $0.69 per share on Saturday, April 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, March 17th. This is a boost from the stock's previous quarterly dividend of $0.64.
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), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC), Global X MLP & Energy Infrastructure ETF (MLPX), First Trust North American Energy Infrastructure Fund (EMLP), Invesco S&P Spin-Off ETF (CSD) and Pacer American Energy Independence ETF (USAI).

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.

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

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

DT Midstream's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.

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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One share of DTM stock can currently be purchased for approximately $48.76.

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.

The company employs 280 workers across the globe.

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.