Brokerages Set DT Midstream, Inc. (NYSE:DTM) Price Target at $123.25

DT Midstream, Inc. (NYSE:DTM) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $123.25.

A number of research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Barclays upped their price target on shares of DT Midstream from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Bank of America lifted their price objective on DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Morgan Stanley boosted their target price on DT Midstream from $126.00 to $137.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th.

Institutional Trading of DT Midstream

A number of institutional investors have recently added to or reduced their stakes in DTM. Allworth Financial LP increased its stake in shares of DT Midstream by 13.7% during the 3rd quarter. Allworth Financial LP now owns 1,603 shares of the company’s stock worth $181,000 after purchasing an additional 193 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in DT Midstream by 76.0% in the third quarter. Swiss Life Asset Management Ltd now owns 4,628 shares of the company’s stock worth $523,000 after purchasing an additional 1,999 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in DT Midstream by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock worth $98,538,000 after purchasing an additional 63,438 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in DT Midstream during the third quarter worth $43,347,000. Finally, Coldstream Capital Management Inc. raised its holdings in DT Midstream by 11.8% during the third quarter. Coldstream Capital Management Inc. now owns 3,005 shares of the company’s stock valued at $340,000 after buying an additional 317 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Down 1.0%

Shares of DT Midstream stock opened at $119.64 on Friday. The stock has a 50-day moving average price of $116.50 and a 200 day moving average price of $109.64. The company has a market cap of $12.16 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.30 and a beta of 0.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. DT Midstream has a 1 year low of $83.30 and a 1 year high of $122.70.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same quarter in the previous year, the business posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, analysts expect that DT Midstream will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. DT Midstream’s payout ratio is presently 82.83%.

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.