Investment Analysts’ Recent Ratings Updates for DT Midstream (DTM)

A number of research firms have changed their ratings and price targets for DT Midstream (NYSE: DTM):

• 11/21/2024 – DT Midstream was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $115.00 price target on the stock, up previously from $90.00.
• 11/5/2024 – DT Midstream had its price target raised by analysts at The Goldman Sachs Group, Inc. from $66.00 to $74.00. They now have a “sell” rating on the stock.
• 11/4/2024 – DT Midstream had its price target raised by analysts at Barclays PLC from $85.00 to $92.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – DT Midstream had its price target raised by analysts at Wells Fargo & Company from $87.00 to $100.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – DT Midstream was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $89.00 price target on the stock, up previously from $78.00.
• 10/25/2024 – DT Midstream had its price target raised by analysts at Morgan Stanley from $82.00 to $92.00. They now have an “underweight” rating on the stock.
• 10/4/2024 – DT Midstream had its price target raised by analysts at JPMorgan Chase & Co. from $78.00 to $83.00. They now have a “neutral” rating on the stock.
• 10/3/2024 – DT Midstream had its price target raised by analysts at Barclays PLC from $76.00 to $85.00. They now have an “overweight” rating on the stock.

DT Midstream Trading Up 5.0 %

DT Midstream stock traded up $5.15 during trading on Thursday, reaching $107.88. 915,658 shares of the company were exchanged, compared to its average volume of 664,842. DT Midstream, Inc. has a 52-week low of $51.17 and a 52-week high of $108.36. The company has a market capitalization of $10.48 billion, a P/E ratio of 26.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $87.07 and its two-hundred day simple moving average is $76.67.

DT Midstream (NYSE:DTM) last released its earnings results on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, equities research analysts expect that DT Midstream, Inc. will post 3.96 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, December 16th. DT Midstream’s dividend payout ratio (DPR) is currently 71.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of DT Midstream by 1,223.2% during the first quarter. Cetera Investment Advisers now owns 54,107 shares of the company’s stock valued at $3,306,000 after buying an additional 50,018 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of DT Midstream by 15.3% during the second quarter. Envestnet Asset Management Inc. now owns 121,876 shares of the company’s stock valued at $8,657,000 after buying an additional 16,171 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of DT Midstream by 31.9% during the third quarter. GSA Capital Partners LLP now owns 27,209 shares of the company’s stock valued at $2,140,000 after buying an additional 6,575 shares during the last quarter. Atria Investments Inc bought a new stake in shares of DT Midstream during the third quarter valued at approximately $666,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of DT Midstream during the second quarter valued at approximately $764,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.