Analysts Set DT Midstream, Inc. (NYSE:DTM) PT at $114.17

DT Midstream, Inc. (NYSE:DTM) has been assigned an average rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $115.0833.

A number of research firms have issued reports on DTM. Stifel Nicolaus set a $119.00 price target on DT Midstream in a report on Tuesday. Morgan Stanley increased their target price on DT Midstream from $113.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, October 8th. Citigroup increased their target price on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Mizuho increased their target price on DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th.

DT Midstream Price Performance

DT Midstream stock opened at $108.96 on Friday. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.38 and a beta of 0.78. DT Midstream has a 52-week low of $83.30 and a 52-week high of $115.80. The stock’s 50 day moving average price is $107.33 and its two-hundred day moving average price is $103.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $299.00 million for the quarter, compared to analysts’ expectations of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same period in the prior year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities analysts predict that DT Midstream will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, September 15th. DT Midstream’s dividend payout ratio (DPR) is currently 87.94%.

Insider Activity

In related news, VP Melissa Cox sold 4,755 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the transaction, the vice president directly owned 5,171 shares in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its position in DT Midstream by 18.9% in the 1st quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after buying an additional 669 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in DT Midstream in the 1st quarter valued at $274,000. Bessemer Group Inc. raised its position in DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock valued at $43,000 after buying an additional 135 shares during the last quarter. True Link Financial Advisors LLC purchased a new stake in DT Midstream in the 1st quarter valued at $238,000. Finally, Catalyst Capital Advisors LLC raised its position in DT Midstream by 10.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company’s stock valued at $13,896,000 after buying an additional 13,243 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.