DT Midstream - DTM Stock Forecast, Price & News

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.

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.

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.
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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) 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.

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.

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 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 -.

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

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.

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.