US Capital Advisors Forecasts DT Midstream FY2028 Earnings

DT Midstream, Inc. (NYSE:DTM) – Stock analysts at US Capital Advisors decreased their FY2028 earnings estimates for shares of DT Midstream in a research report issued to clients and investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $5.55 per share for the year, down from their previous estimate of $5.62. The consensus estimate for DT Midstream’s current full-year earnings is $4.57 per share.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The firm had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. During the same quarter in the previous year, the business posted $1.04 earnings per share.

DTM has been the subject of a number of other reports. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday, August 26th. Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. The Goldman Sachs Group restated a “sell” rating and set a $121.00 target price on shares of DT Midstream in a research report on Wednesday, October 14th. Scotiabank set a $165.00 price target on DT Midstream in a report on Thursday, October 15th. Finally, Bank of America reissued a “buy” rating on shares of DT Midstream in a research note on Monday. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.36.

DT Midstream Trading Down 2.5%

Shares of DTM stock opened at $125.36 on Thursday. DT Midstream has a 1-year low of $105.65 and a 1-year high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50-day moving average of $125.89 and a two-hundred day moving average of $134.54. The firm has a market cap of $12.79 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.47 and a beta of 0.72.

Institutional Trading of DT Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of DT Midstream during the first quarter valued at $32,000. Premier Financial Group bought a new stake in shares of DT Midstream during the 2nd quarter worth about $33,000. Continuum Advisory LLC acquired a new position in DT Midstream during the 2nd quarter worth $36,000. Ulland Investment Advisors LLC acquired a new position in shares of DT Midstream during the third quarter worth approximately $39,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of DT Midstream in the first quarter valued at about $41,000. 81.53% of the stock is currently owned by institutional investors.

About DT Midstream

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.