DT Midstream (DTM) Stock Forecast, Price & News

7 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 3 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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7 brokerages have issued 1 year price targets for DT Midstream's shares. Their DTM share price forecasts range from $54.00 to $59.00. On average, they anticipate the company's stock price to reach $56.83 in the next year. This suggests a possible upside of 5.6% 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 shares have decreased by 2.6% and is now trading at $53.81.
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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) issued its earnings results on Tuesday, August, 1st. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company earned $224 million during the quarter, compared to the consensus estimate of $228.87 million. DT Midstream had a trailing twelve-month return on equity of 8.44% and a net margin of 40.13%. During the same period in the previous year, the company earned $0.80 earnings per share.

DT Midstream announced a quarterly dividend on Tuesday, August 1st. Investors of record on Monday, September 18th will be paid a dividend of $0.69 per share on Sunday, October 15th. This represents a $2.76 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date 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 5.18%. 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 updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $3.50-$3.66 for the period, compared to the consensus 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."

DT Midstream's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.09%), Goldman Sachs Group Inc. (3.71%), Mitsubishi UFJ Trust & Banking Corp (3.33%), State Street Corp (3.00%), Dimensional Fund Advisors LP (2.61%) and JPMorgan Chase & Co. (1.95%). 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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One share of DTM stock can currently be purchased for approximately $53.81.

DT Midstream (NYSE:DTM) has a market capitalization of $5.21 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.