DT Midstream (DTM) Stock Price, News & Analysis

Company Overview

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. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and provision of associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.

Key Stats

• Today's Range: $100.70 to $102.82
• 50-Day Range: $75.52 to $103.01
• 52-Week Range: $51.17 to $103.51
• Volume: 3.00 million shs
• Average Volume: 800,683 shs
• Market Capitalization: $9.98 billion
• P/E Ratio: 24.99
• Dividend Yield: 2.86%
• Price Target: $80.44
• Consensus Rating: Hold

DT Midstream Stock Analysis - MarketRank™

DT Midstream scored higher than 55% of companies evaluated by MarketBeat, and ranked 147th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

DT Midstream has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

DT Midstream has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.07%

Earnings Growth

Earnings for DT Midstream are expected to grow by 7.07% in the coming year, from $3.96 to $4.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DT Midstream is 24.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of DT Midstream is 24.99, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.29.

Price to Book Value per Share Ratio

DT Midstream has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.26% of the float of DT Midstream has been sold short.

Short Interest Ratio / Days to Cover

DT Midstream has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DT Midstream has recently increased by 7.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

DT Midstream pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

DT Midstream does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of DT Midstream is 71.53%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, DT Midstream will have a dividend payout ratio of 69.34% next year. This indicates that DT Midstream will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.26% of the float of DT Midstream has been sold short.

Short Interest Ratio / Days to Cover

DT Midstream has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DT Midstream has recently increased by 7.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.52

News Sentiment

DT Midstream has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for DT Midstream this week, compared to 5 articles on an average week.

Search Interest

Only 5 people have searched for DTM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added DT Midstream to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, DT Midstream insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of DT Midstream is held by insiders.

Percentage Held by Institutions

81.53% of the stock of DT Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DTM Stock Analysis - Frequently Asked Questions

How have DTM shares performed this year?

DT Midstream's stock was trading at $54.80 on January 1st, 2024. Since then, DTM shares have increased by 87.5% and is now trading at $102.7250.
View the best growth stocks for 2024 here.

How were DT Midstream's earnings last quarter?

DT Midstream, Inc. (NYSE:DTM) issued its earnings results on Tuesday, October, 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.05. The firm earned $248 million during the quarter, compared to analyst estimates of $242.64 million. DT Midstream had a net margin of 41.19% and a trailing twelve-month return on equity of 9.31%.

Who are DT Midstream's major shareholders?

DT Midstream's top institutional shareholders include State Street Corp (3.48%), Geode Capital Management LLC (2.13%), Charles Schwab Investment Management Inc. (1.19%) and Brookfield Corp ON (1.07%). Insiders that own company stock include Jeffrey A Jewell, Robert C Skaggs Jr, David Slater and Peter I Tumminello.
View institutional ownership trends.

How do I buy shares of DT Midstream?

Shares of DTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of DT Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that DT Midstream investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/16/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/29/2024
• Today: 11/21/2024
• Ex-Dividend for 1/15 Dividend: 12/16/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/21/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:DTM
• CUSIP: N/A
• CIK: 1842022
• Web: www.dtmidstream.com
• Phone: 313-402-8532
• Fax: N/A
• Employees: 360
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $80.44
• High Stock Price Target: $100.00
• Low Stock Price Target: $53.00
• Potential Upside/Downside: -21.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.11
• Trailing P/E Ratio: 24.99
• Forward P/E Ratio: 25.94
• P/E Growth: N/A
• Net Income: $384 million
• Net Margins: 41.19%
• Pretax Margin: 52.36%
• Return on Equity: 9.31%
• Return on Assets: 4.53%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $922 million
• Price / Sales: 10.83
• Cash Flow: $6.00 per share
• Price / Cash Flow: 17.11
• Book Value: $44.83 per share
• Price / Book: 2.29

Miscellaneous

• Outstanding Shares: 97,160,000
• Free Float: 97,117,000
• Market Cap: $9.98 billion
• Optionable: Not Optionable
• Beta: 0.71