DT Midstream (DTM) Stock Forecast, Price & News

7 Wall Street research 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 3 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.
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7 brokerages have issued 1 year price objectives for DT Midstream's shares. Their DTM share price forecasts range from $54.00 to $59.00. On average, they predict the company's share price to reach $56.83 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
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DT Midstream's stock was trading at $55.26 at the beginning of 2023. Since then, DTM stock has decreased by 4.2% and is now trading at $52.92.
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DT Midstream saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,280,000 shares, an increase of 24.2% from the August 31st total of 2,640,000 shares. Based on an average daily trading volume, of 568,400 shares, the days-to-cover ratio is currently 5.8 days. Approximately 3.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our DTM earnings forecast.

DT Midstream, Inc. (NYSE:DTM) released its quarterly earnings results on Tuesday, August, 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. The company earned $224 million during the quarter, compared to analyst estimates of $228.87 million. DT Midstream had a net margin of 40.13% and a trailing twelve-month return on equity of 8.44%. During the same period last year, the company posted $0.80 earnings per share.

DT Midstream declared a quarterly dividend on Tuesday, August 1st. Investors of record on Monday, September 18th will be given a dividend of $0.69 per share on Sunday, October 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, September 15th.
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 (NYSE:DTM) pays an annual dividend of $2.76 per share and currently has a dividend yield of 5.22%. 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 73.02% 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 Tuesday, August, 1st. The company provided earnings per share guidance of $3.50-$3.66 for the period, compared to the consensus EPS estimate of $3.59. The company issued revenue guidance of -.

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

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 $52.92.

DT Midstream (NYSE:DTM) has a market capitalization of $5.13 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 362 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.