DT Midstream, Inc. (NYSE:DTM - Free Report) - Analysts at US Capital Advisors boosted their Q3 2024 earnings per share estimates for DT Midstream in a research note issued to investors on Wednesday, August 21st. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.95 for the quarter, up from their prior estimate of $0.87. US Capital Advisors has a "Hold" rating on the stock. The consensus estimate for DT Midstream's current full-year earnings is $3.90 per share. US Capital Advisors also issued estimates for DT Midstream's Q4 2024 earnings at $1.07 EPS, FY2024 earnings at $3.99 EPS, Q1 2025 earnings at $1.00 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $4.13 EPS and FY2026 earnings at $4.51 EPS.
Several other research firms have also recently commented on DTM. JPMorgan Chase & Co. boosted their target price on DT Midstream from $75.00 to $78.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Mizuho upped their price objective on DT Midstream from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Wells Fargo & Company upped their price objective on DT Midstream from $77.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Barclays upped their price objective on DT Midstream from $66.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus upped their price objective on DT Midstream from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, DT Midstream has an average rating of "Hold" and a consensus target price of $70.00.
Check Out Our Latest Analysis on DTM
DT Midstream Trading Up 1.1 %
NYSE:DTM traded up $0.81 on Friday, reaching $76.57. The company's stock had a trading volume of 444,623 shares, compared to its average volume of 655,248. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 18.68 and a beta of 0.74. DT Midstream has a 12-month low of $50.54 and a 12-month high of $76.78. The stock has a 50 day moving average price of $72.14 and a 200 day moving average price of $65.13.
DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The firm had revenue of $244.00 million for the quarter, compared to analyst estimates of $236.83 million. During the same period in the previous year, the company posted $0.93 earnings per share.
DT Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, September 16th. DT Midstream's dividend payout ratio (DPR) is 71.71%.
Hedge Funds Weigh In On DT Midstream
Large investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in DT Midstream by 284.6% during the 4th quarter. First Trust Advisors LP now owns 1,524,401 shares of the company's stock valued at $83,537,000 after buying an additional 1,128,056 shares during the last quarter. Norges Bank acquired a new stake in shares of DT Midstream during the fourth quarter worth $61,638,000. Dimensional Fund Advisors LP raised its position in shares of DT Midstream by 12.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,393,511 shares of the company's stock worth $312,070,000 after buying an additional 490,613 shares during the period. AQR Capital Management LLC raised its position in shares of DT Midstream by 309.7% in the 2nd quarter. AQR Capital Management LLC now owns 257,101 shares of the company's stock worth $18,262,000 after buying an additional 194,354 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its position in shares of DT Midstream by 2,658.2% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 182,121 shares of the company's stock worth $12,936,000 after buying an additional 175,518 shares during the period. 81.53% of the stock is owned by hedge funds and other institutional investors.
About DT Midstream
(
Get Free Report)
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.
Featured Articles
Before you consider DT Midstream, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DT Midstream wasn't on the list.
While DT Midstream currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
