DT Midstream (NYSE:DTM) Updates FY 2022 Earnings Guidance

DT Midstream (NYSE:DTMGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.30-$3.46 for the period, compared to the consensus earnings per share estimate of $3.60. The company issued revenue guidance of -.

DTM stock traded up $0.20 on Monday, hitting $55.52. The company had a trading volume of 8,056 shares, compared to its average volume of 648,443. DT Midstream has a 12-month low of $38.21 and a 12-month high of $59.36. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $54.91 and its 200 day simple moving average is $51.58. The stock has a market cap of $5.37 billion and a price-to-earnings ratio of 17.29.

DT Midstream (NYSE:DTMGet Rating) last issued its earnings results on Friday, February 25th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.08. DT Midstream had a net margin of 36.13% and a return on equity of 8.28%. The company had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $202.34 million. Research analysts forecast that DT Midstream will post 3.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Monday, June 20th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.61%. The ex-dividend date is Thursday, June 16th. DT Midstream’s dividend payout ratio is currently 80.00%.

Several equities research analysts recently issued reports on DTM shares. Morgan Stanley raised their target price on shares of DT Midstream from $54.00 to $60.00 and gave the stock an underweight rating in a report on Tuesday, April 26th. Mizuho lifted their target price on DT Midstream from $55.00 to $57.00 in a research report on Tuesday, May 10th. The Goldman Sachs Group downgraded DT Midstream from a buy rating to a neutral rating and set a $58.00 price objective on the stock. in a research note on Friday, March 4th. Credit Suisse Group cut DT Midstream from an outperform rating to a neutral rating and lifted their price objective for the company from $55.00 to $58.00 in a research report on Tuesday, March 8th. Finally, Zacks Investment Research raised DT Midstream from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research report on Friday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $57.38.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTM. Geneos Wealth Management Inc. bought a new position in DT Midstream in the 1st quarter valued at $30,000. Morgan Stanley bought a new stake in shares of DT Midstream in the 2nd quarter valued at about $50,000. Lazard Asset Management LLC bought a new position in shares of DT Midstream during the first quarter valued at approximately $79,000. Center for Financial Planning Inc. purchased a new position in DT Midstream during the third quarter valued at approximately $86,000. Finally, Captrust Financial Advisors boosted its position in DT Midstream by 32.7% during the 1st quarter. Captrust Financial Advisors now owns 3,264 shares of the company’s stock valued at $179,000 after acquiring an additional 805 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

About DT Midstream (Get Rating)

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

Featured Stories

Earnings History and Estimates for DT Midstream (NYSE:DTM)

Receive News & Ratings for DT Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DT Midstream and related companies with MarketBeat.com's FREE daily email newsletter.