DT Midstream (DTM) to Release Quarterly Earnings on Wednesday

DT Midstream (NYSE:DTM - Get Free Report) is expected to be releasing its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect DT Midstream to post earnings of $1.07 per share and revenue of $285.48 million for the quarter.

DT Midstream Price Performance

DT Midstream stock opened at $95.44 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $95.12 and a 200 day moving average price of $97.76. DT Midstream has a 12-month low of $61.01 and a 12-month high of $114.50. The stock has a market cap of $9.70 billion, a P/E ratio of 23.22 and a beta of 0.77.

DT Midstream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $0.82 per share. The ex-dividend date was Monday, March 17th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from DT Midstream's previous quarterly dividend of $0.74. DT Midstream's dividend payout ratio (DPR) is currently 91.11%.

Insider Activity at DT Midstream

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the acquisition, the director now directly owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DTM. Wells Fargo & Company decreased their price objective on DT Midstream from $118.00 to $108.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. UBS Group upped their price target on DT Midstream from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on DT Midstream from $109.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Raymond James upped their target price on shares of DT Midstream from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their price target on shares of DT Midstream from $106.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $104.67.

About DT Midstream

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.

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