DT Midstream (NYSE:DTM) Hits New 52-Week High Following Dividend Announcement

DT Midstream, Inc. (NYSE:DTM)’s share price reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $134.97 and last traded at $133.4050, with a volume of 301429 shares. The stock had previously closed at $133.48.

The newly announced dividend which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a $0.88 dividend. This is a positive change from DT Midstream’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.52 annualized dividend and a yield of 2.6%. DT Midstream’s payout ratio is currently 82.83%.

Wall Street Analyst Weigh In

DTM has been the subject of a number of research reports. Morgan Stanley raised their price objective on DT Midstream from $137.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 10th. Mizuho upped their target price on DT Midstream from $108.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America raised their target price on DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Barclays lifted their price target on shares of DT Midstream from $114.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group set a $148.00 price objective on shares of DT Midstream and gave the company a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.82.

DT Midstream Price Performance

The company has a 50-day moving average of $123.33 and a 200 day moving average of $114.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $13.82 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.36 and a beta of 0.77.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). DT Midstream had a net margin of 35.48% and a return on equity of 9.16%. The company had revenue of $317.00 million during the quarter, compared to the consensus estimate of $320.07 million. During the same quarter last year, the company earned $0.94 earnings per share. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

Key Stories Impacting DT Midstream

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Record 2025 Adjusted EBITDA and quarterly cash-generation strength — DT Midstream reported full‑year Adjusted EBITDA of $1.138B (up 17% y/y) and Q4 Adjusted EBITDA of $293M, supporting valuation and yield stability. DT Midstream Reports Record 2025 Results; Raises Dividend and Increases Project Backlog by 50%
• Positive Sentiment: Dividend increased — Board raised the quarterly dividend to $0.88 (7% hike), boosting income appeal for yield-focused investors and signaling confidence in cash flow. DT Midstream Inc (DTM) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Backlog and project FIDs — Management increased the five‑year organic project backlog to ~$3.4B (up ~50%), with ~75% pipeline projects, and approved final investment decisions on two major pipeline expansions (including Viking expansion), supporting medium‑term growth. DT Midstream outlines $3.4B five-year organic project backlog as pipeline demand accelerates
• Neutral Sentiment: 2026 guidance focused on Adjusted EBITDA — Company gave 2026 Adjusted EBITDA guidance of $1.155–$1.225B (and early 2027 outlook), which implies modest growth vs. 2025 and frames investor expectations around cash‑flow rather than GAAP earnings. Slides and presentation materials were posted. DT Midstream, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Minor earnings and revenue miss — Q4 EPS was $1.08 vs. consensus $1.11 and revenue $317M vs. $320M est.; while management emphasizes EBITDA/DCF, the GAAP miss can weigh on short‑term sentiment. DT Midstream, Inc. (NYSE:DTM) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Guidance lacks GAAP reconciliation — Management did not provide a GAAP reconciliation of its Adjusted EBITDA guidance, a transparency point some investors flag when comparing to net income forecasts. DT Midstream Reports Record 2025 Results; Raises Dividend and Increases Project Backlog by 50%
• Negative Sentiment: Mixed institutional positioning and analyst target dispersion — Recent filings show notable institutional selling and varying analyst targets (median ~$128.5), which could add volatility given the stock is trading above some targets. DT Midstream, Inc. Reports 17% Increase in Full Year 2025 Adjusted EBITDA…

Hedge Funds Weigh In On DT Midstream

Several institutional investors have recently added to or reduced their stakes in the company. 59 North Capital Management LP acquired a new position in DT Midstream in the second quarter valued at about $226,757,000. Norges Bank bought a new position in shares of DT Midstream in the second quarter valued at approximately $143,743,000. Merewether Investment Management LP raised its stake in shares of 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 acquiring an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of DT Midstream in the 3rd quarter worth approximately $43,347,000. Finally, Holocene Advisors LP grew its position in DT Midstream by 117.7% during the 3rd quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock worth $62,642,000 after acquiring an additional 299,609 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

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.