Scotiabank Reduces Earnings Estimates for DT Midstream

DT Midstream, Inc. (NYSE:DTM) – Investment analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of DT Midstream in a report issued on Wednesday, November 11th. Scotiabank analyst B. Bingham now expects that the company will post earnings of $4.63 per share for the year, down from their prior forecast of $4.76. Scotiabank currently has a “Sector Outperform” rating and a $161.00 target price on the stock. The consensus estimate for DT Midstream’s current full-year earnings is $4.68 per share. Scotiabank also issued estimates for DT Midstream’s FY2027 earnings at $4.84 EPS.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, October 29th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.03. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $337.63 million. DT Midstream had a net margin of 35.36% and a return on equity of 9.59%. During the same quarter in the prior year, the business posted $1.13 EPS.

A number of other equities analysts also recently weighed in on the company. Mizuho cut their target price on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Bank of America reissued a “buy” rating on shares of DT Midstream in a research report on Monday, October 26th. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of DT Midstream in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group upgraded DT Midstream from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $121.00 to $127.00 in a research note on Friday. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.43.

DT Midstream Trading Up 0.5%

NYSE:DTM opened at $119.57 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. DT Midstream has a 52 week low of $111.55 and a 52 week high of $152.88. The firm has a 50-day moving average price of $123.63 and a two-hundred day moving average price of $134.53.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a $0.88 dividend. 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 Tuesday, December 15th. DT Midstream’s payout ratio is 76.52%.

Institutional Investors Weigh In On DT Midstream

Hedge funds have recently modified their holdings of the stock. Chickasaw Capital Management LLC grew its holdings in DT Midstream by 38.0% during the third quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock valued at $62,430,000 after purchasing an additional 143,766 shares during the period. Edgestream Partners L.P. raised its stake in shares of DT Midstream by 1,501.5% in the first quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after buying an additional 97,209 shares during the period. NEOS Investment Management LLC raised its stake in shares of DT Midstream by 50.6% in the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock valued at $30,869,000 after buying an additional 70,650 shares during the period. Alps Advisors Inc. lifted its position in shares of DT Midstream by 21.5% during the 3rd quarter. Alps Advisors Inc. now owns 287,181 shares of the company’s stock valued at $34,310,000 after buying an additional 50,721 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of DT Midstream by 11.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 478,836 shares of the company’s stock valued at $57,209,000 after buying an additional 50,526 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream is an independent natural gas infrastructure company that develops, owns and operates pipelines, gathering systems and storage facilities. Its services connect natural gas producers with utilities, power generators, industrial customers and other markets. The company’s assets include interstate pipelines and underground storage in the Midwest, as well as gathering and transportation systems serving producing regions such as the Appalachian Basin and Louisiana’s Haynesville shale area.