DT Midstream (NYSE:DTM) Price Target Raised to $170.00 at UBS Group

DT Midstream (NYSE:DTM) had its price objective lifted by UBS Group from $152.00 to $170.00 in a research report sent to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also weighed in on DTM. Weiss Ratings raised DT Midstream from a “buy (b+)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Barclays boosted their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Citigroup boosted their price target on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.67.

DT Midstream Stock Down 0.1%

Shares of DT Midstream stock opened at $147.91 on Friday. The business’s 50 day simple moving average is $137.57 and its 200 day simple moving average is $127.28. DT Midstream has a 52-week low of $98.06 and a 52-week high of $150.45. The firm has a market cap of $15.09 billion, a PE ratio of 32.72, a P/E/G ratio of 2.96 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter last year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts predict that DT Midstream 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. Investors of record on Monday, June 15th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, June 15th. DT Midstream’s dividend payout ratio is 77.88%.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell purchased 185 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average price of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer directly 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 accessible through this link. 0.54% of the stock is owned by corporate insiders.

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 bought a new position in DT Midstream during the fourth quarter worth $28,000. Richardson Financial Services Inc. boosted its position in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Centerpoint Advisors LLC boosted its position in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in DT Midstream during the fourth quarter worth $30,000. Finally, First Horizon Corp bought a new position in DT Midstream during the third quarter worth $32,000. 81.53% of the stock is owned by institutional investors.

About DT Midstream

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.