DT Midstream (NYSE:DTM) Hits New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on DTM. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group boosted their price objective on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Citigroup boosted their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Morgan Stanley boosted their price objective on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $166.00 price objective on shares of DT Midstream in a research report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Stock Performance

The stock has a market cap of $14.58 billion, a P/E ratio of 31.65, a PEG ratio of 3.05 and a beta of 0.75. The business has a 50 day moving average price of $139.23 and a 200 day moving average price of $129.67. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The company had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts expect that DT Midstream, Inc. will post 4.7 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

Hedge Funds Weigh In On DT Midstream

A number of institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA increased its stake in shares of DT Midstream by 0.4% in the 1st quarter. Glenmede Trust Co. NA now owns 24,685 shares of the company’s stock valued at $3,324,000 after purchasing an additional 89 shares in the last quarter. WNY Asset Management LLC purchased a new position in shares of DT Midstream in the 1st quarter valued at about $974,000. Segall Bryant & Hamill LLC purchased a new position in shares of DT Midstream in the 1st quarter valued at about $418,000. Western Wealth Management LLC purchased a new position in shares of DT Midstream in the 1st quarter valued at about $32,000. Finally, Edgestream Partners L.P. increased its stake in shares of DT Midstream by 1,501.5% in the 1st quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after purchasing an additional 97,209 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.