DT Midstream Stock Gets Reduced EPS Forecast from Scotiabank

DT Midstream, Inc. (NYSE:DTM) – Stock analysts at Scotiabank decreased their FY2026 EPS estimates for DT Midstream in a report released on Wednesday, November 11th. Scotiabank analyst B. Bingham now expects that the company will post earnings per share of $4.63 for the year, down from their previous forecast of $4.76. Scotiabank currently has a “Sector Outperform” rating and a $161.00 target price on the stock. The consensus estimate for DT Midstream’s current full-year earnings is $4.68 per share. Scotiabank also issued estimates for DT Midstream’s FY2027 earnings at $4.84 EPS.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.03. The company had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $337.63 million. DT Midstream had a net margin of 35.36% and a return on equity of 9.59%. During the same period in the prior year, the company posted $1.13 EPS.

DTM has been the topic of a number of other research reports. Morgan Stanley lowered their target price on shares of DT Midstream from $164.00 to $161.00 and set an “overweight” rating on the stock in a report on Tuesday, November 3rd. Bank of America reaffirmed a “buy” rating on shares of DT Midstream in a report on Monday, October 26th. Barclays reduced their price target on DT Midstream from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Wells Fargo & Company boosted their price objective on DT Midstream from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Finally, Wall Street Zen cut DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and an average price target of $151.43.

DT Midstream Stock Up 0.5%

DTM opened at $119.57 on Friday. DT Midstream has a 12 month low of $111.55 and a 12 month high of $152.88. The company has a market cap of $12.20 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $123.63 and a 200 day moving average of $134.53.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.9%. DT Midstream’s dividend payout ratio (DPR) is currently 76.52%.

Hedge Funds Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chickasaw Capital Management LLC increased its stake in DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock worth $62,430,000 after purchasing an additional 143,766 shares during the period. Edgestream Partners L.P. boosted its position in DT Midstream by 1,501.5% during the 1st quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after buying an additional 97,209 shares during the period. NEOS Investment Management LLC raised its stake in shares of DT Midstream by 50.6% during the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock valued at $30,869,000 after acquiring an additional 70,650 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of DT Midstream by 21.5% during the third quarter. Alps Advisors Inc. now owns 287,181 shares of the company’s stock valued at $34,310,000 after acquiring an additional 50,721 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of DT Midstream by 11.8% during the third quarter. Russell Investments Group Ltd. now owns 478,836 shares of the company’s stock valued at $57,209,000 after acquiring an additional 50,526 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Company Profile

DT Midstream is an independent natural gas infrastructure company that develops, owns and operates pipelines, gathering systems and storage facilities. Its services connect natural gas producers with utilities, power generators, industrial customers and other markets. The company’s assets include interstate pipelines and underground storage in the Midwest, as well as gathering and transportation systems serving producing regions such as the Appalachian Basin and Louisiana’s Haynesville shale area.