DT Midstream (NYSE:DTM) Sets New 1-Year High – Here’s What Happened

Shares of DT Midstream, Inc. (NYSE:DTM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $152.88 and last traded at $152.59, with a volume of 19820 shares trading hands. The stock had previously closed at $149.22.

Analysts Set New Price Targets

Several analysts have recently commented on DTM shares. Weiss Ratings downgraded shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 20th. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. Citigroup upped their target price on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Morgan Stanley upped their target price on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Barclays upped their target price on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Price Performance

The stock’s fifty day moving average is $138.81 and its 200-day moving average is $129.15. The stock has a market capitalization of $15.36 billion, a PE ratio of 33.31, a P/E/G ratio of 3.02 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period in the prior year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts predict that DT Midstream, Inc. will post 4.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.3%. DT Midstream’s dividend payout ratio is currently 77.88%.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of the stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the transaction, the chief financial officer owned 89,583 shares of the company’s stock, valued at $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On DT Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in DT Midstream during the fourth quarter valued at $28,000. Richardson Financial Services Inc. lifted its holdings in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Centerpoint Advisors LLC lifted its holdings in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in DT Midstream during the fourth quarter valued at $30,000. Finally, Western Wealth Management LLC purchased a new position in shares of DT Midstream in the first quarter valued at approximately $32,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.