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PFE   30.44 (+1.20%)
PYPL   57.61 (-0.62%)
XOM   102.80 (+0.45%)
QQQ   388.83 (-0.25%)
AAPL   189.95 (+0.31%)
MSFT   378.91 (+0.02%)
META   327.15 (-1.52%)
GOOGL   132.53 (-1.82%)
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NVDA   467.70 (-2.85%)
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PFE   30.44 (+1.20%)
PYPL   57.61 (-0.62%)
XOM   102.80 (+0.45%)
QQQ   388.83 (-0.25%)
AAPL   189.95 (+0.31%)
MSFT   378.91 (+0.02%)
META   327.15 (-1.52%)
GOOGL   132.53 (-1.82%)
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TSLA   240.08 (-1.66%)
NVDA   467.70 (-2.85%)
NIO   7.28 (+1.39%)
BABA   74.86 (+0.25%)
AMD   121.16 (-2.17%)
T   16.57 (+1.66%)
F   10.28 (-2.93%)
MU   76.12 (-0.74%)
CGC   0.56 (+0.00%)
GE   121.74 (+2.42%)
DIS   92.69 (+0.21%)
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PFE   30.44 (+1.20%)
PYPL   57.61 (-0.62%)
XOM   102.80 (+0.45%)

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

$57.31
+0.16 (+0.28%)
(As of 11/30/2023 ET)
Compare
Today's Range
$57.06
$57.75
50-Day Range
$51.47
$57.42
52-Week Range
$45.10
$61.00
Volume
686,447 shs
Average Volume
645,010 shs
Market Capitalization
$5.56 billion
P/E Ratio
15.96
Dividend Yield
4.82%
Price Target
$57.25

DT Midstream MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
0.1% Downside
$57.25 Price Target
Short Interest
Bearish
3.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$16,733 Bought Last Quarter
Proj. Earnings Growth
5.57%
From $3.59 to $3.79 Per Share

Overall MarketRank

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

1.79 out of 5 stars

Energy Sector

2nd out of 5 stocks

Oil & Gas Midstream Industry

1st out of 2 stocks


DTM stock logo

About DT Midstream Stock (NYSE:DTM)

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.

DTM Stock Price History

DTM Stock News Headlines

DT Midstream Inc Ordinary Shares
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DT Midstream Reports Strong Third Quarter 2023 Results
DT Midstream Goes Natural (Gas)
Mizuho Securities Keeps Their Buy Rating on DT Midstream (DTM)
DT Midstream Completes Phase 1 LEAP Expansion
See More Headlines
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Company Calendar

Ex-Dividend for 10/15 Dividend
9/15/2023
Dividend Payable
10/15/2023
Last Earnings
11/01/2023
Today
11/30/2023
Ex-Dividend for 1/15 Dividend
12/15/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/15/2024
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
362
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$57.25
High Stock Price Target
$60.00
Low Stock Price Target
$54.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$370 million
Pretax Margin
53.96%

Debt

Sales & Book Value

Annual Sales
$921 million
Cash Flow
$5.52 per share
Book Value
$43.53 per share

Miscellaneous

Free Float
96,932,000
Market Cap
$5.57 billion
Optionable
Not Optionable
Beta
0.78
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DTM Stock Analysis - Frequently Asked Questions

Should I buy or sell DT Midstream stock right now?

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.

What is DT Midstream's stock price target for 2024?

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%.
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 the year. Since then, DTM shares have increased by 3.7% and is now trading at $57.31.
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 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
.

When is DT Midstream's next earnings date?

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

How were DT Midstream's earnings last quarter?

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.

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

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
.

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 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.

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

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.

Who are DT Midstream's major shareholders?

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
.

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.

This page (NYSE:DTM) was last updated on 11/30/2023 by MarketBeat.com Staff

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