DT Midstream (DTM) Stock Forecast, Price & News

7 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 3 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.

7 Wall Street research analysts have issued 12 month target prices for DT Midstream's shares. Their DTM share price forecasts range from $54.00 to $60.00. On average, they expect the company's stock price to reach $57.17 in the next twelve months. This suggests a possible upside of 20.2% 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 beginning of 2023. Since then, DTM stock has decreased by 13.9% and is now trading at $47.57.
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DT Midstream saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,930,000 shares, an increase of 16.3% from the April 30th total of 2,520,000 shares. Based on an average daily volume of 703,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.0% of the shares of the stock are sold short.
View DT Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our DTM earnings forecast.

DT Midstream, Inc. (NYSE:DTM) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by $0.08. The company earned $220 million during the quarter, compared to analysts' expectations of $238.44 million. DT Midstream had a net margin of 40.00% and a trailing twelve-month return on equity of 8.21%. During the same period in the prior year, the firm posted $0.84 earnings per share.

DT Midstream announced a quarterly dividend on Friday, May 5th. Investors of record on Monday, June 19th will be given a dividend of $0.69 per share on Saturday, July 15th. This represents a $2.76 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for DTM.

ETFs with the largest weight of DT Midstream (NYSE:DTM) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Alerian Energy Infrastructure ETF (ENFR), First Trust EIP Carbon Impact ETF (ECLN), Invesco S&P Spin-Off ETF (CSD), VanEck Energy Income ETF (EINC), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Global X MLP & Energy Infrastructure ETF (MLPX) and USCF Midstream Energy Income Fund (UMI).

DT Midstream (NYSE:DTM) pays an annual dividend of $2.76 per share and currently has a dividend yield of 5.78%. 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 71.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTM.

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

DT Midstream's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.21%), Mitsubishi UFJ Trust & Banking Corp (3.42%), State Street Corp (3.06%), Dimensional Fund Advisors LP (2.09%), JPMorgan Chase & Co. (1.84%) and Geode Capital Management LLC (1.74%). 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 $47.57.

DT Midstream (NYSE:DTM) has a market capitalization of $4.61 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.