DT Midstream, Inc. (NYSE:DTM) Stock Has Consensus Target Price of $152.14

Shares of DT Midstream, Inc. (NYSE:DTM) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $152.14.

Several analysts have issued reports on DTM shares. Morgan Stanley upgraded shares of DT Midstream from an “equal weight” rating to an “overweight” rating and set a $170.00 price target for the company in a research report on Wednesday, September 9th. Wolfe Research raised DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, August 26th. Scotiabank dropped their target price on DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating for the company in a report on Thursday, September 10th. Mizuho reduced their price target on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th.

DT Midstream Trading Down 0.3%

DTM stock opened at $121.65 on Friday. The company has a market capitalization of $12.41 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 3.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. DT Midstream has a one year low of $104.99 and a one year high of $152.88. The company’s 50 day moving average price is $131.41 and its two-hundred day moving average price is $137.75.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). The business had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period in the prior year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts predict that DT Midstream will post 4.59 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio is 77.02%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Premier Financial Group bought a new stake in DT Midstream in the 2nd quarter worth $33,000. Western Wealth Management LLC bought a new position in shares of DT Midstream during the first quarter valued at about $32,000. Continuum Advisory LLC bought a new position in shares of DT Midstream during the second quarter valued at about $36,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of DT Midstream during the fourth quarter valued at about $30,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of DT Midstream during the fourth quarter worth about $36,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

DT Midstream, Inc is an independent energy company focused on developing, owning and operating natural gas infrastructure in the United States. Its business includes interstate and intrastate natural gas transportation, gathering and storage, providing critical connections between producers, utilities, power generators and other energy customers.

The company operates a portfolio of natural gas pipelines and gathering systems serving key producing and consuming regions, including the Midwest, Northeast, Mid-Atlantic and Gulf Coast.