Brokers Set Expectations for DT Midstream FY2027 Earnings

DT Midstream, Inc. (NYSE:DTM) – Equities research analysts at US Capital Advisors boosted their FY2027 earnings per share estimates for DT Midstream in a research report issued to clients and investors on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings of $5.24 per share for the year, up from their prior forecast of $5.23. The consensus estimate for DT Midstream’s current full-year earnings is $4.77 per share. US Capital Advisors also issued estimates for DT Midstream’s FY2028 earnings at $5.55 EPS.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period in the prior year, the business earned $1.06 earnings per share.

Several other brokerages also recently commented on DTM. Barclays upped their target price on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Scotiabank initiated coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 target price on the stock. Jefferies Financial Group raised their price objective on shares of DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Morgan Stanley boosted their price target on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, DT Midstream currently has an average rating of “Moderate Buy” and an average price target of $155.69.

DT Midstream Price Performance

Shares of DTM stock opened at $135.79 on Thursday. The firm’s 50 day moving average price is $144.30 and its two-hundred day moving average price is $137.67. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. DT Midstream has a 52-week low of $99.81 and a 52-week high of $152.88. The stock has a market cap of $13.85 billion, a PE ratio of 30.04, a PEG ratio of 3.00 and a beta of 0.71.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in DT Midstream during the 4th quarter worth approximately $115,715,000. Merewether Investment Management LP boosted its position in DT Midstream by 192.4% in the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after buying an additional 658,400 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in DT Midstream by 414.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock valued at $44,030,000 after buying an additional 296,348 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after buying an additional 285,770 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of DT Midstream by 838.1% during the 3rd quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock valued at $31,699,000 after acquiring an additional 250,483 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

About DT Midstream

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.