DT Midstream (NYSE:DTM) Stock Price Up 5% – Should You Buy?

Shares of DT Midstream, Inc. (NYSE:DTM) traded up 5% during mid-day trading on Wednesday . The stock traded as high as $133.34 and last traded at $133.0650. 353,602 shares were traded during mid-day trading, a decline of 56% from the average session volume of 807,524 shares. The stock had previously closed at $126.74.

Wall Street Analyst Weigh In

Several analysts have commented on DTM shares. Jefferies Financial Group set a $155.00 target price on DT Midstream in a research note on Friday, July 31st. Morgan Stanley boosted their price target on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Scotiabank initiated coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target on the stock. Weiss Ratings cut DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Finally, Citigroup lifted their price objective on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.43.

DT Midstream Stock Performance

The firm has a market cap of $13.56 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50-day simple moving average is $140.48 and its 200 day simple moving average is $139.22.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). The firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same period in the previous year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts predict that DT Midstream, Inc. will post 4.55 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio is 77.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of DT Midstream by 13,950.9% during the 2nd quarter. California State Teachers Retirement System now owns 16,938,492 shares of the company’s stock valued at $2,485,554,000 after purchasing an additional 16,817,941 shares during the period. Norges Bank bought a new position in shares of DT Midstream in the 4th quarter worth approximately $115,715,000. BlackRock Inc. bought a new position in shares of DT Midstream in the 2nd quarter worth approximately $18,758,000. Merewether Investment Management LP boosted its holdings 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 worth $113,128,000 after buying an additional 658,400 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of DT Midstream by 414.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock worth $44,030,000 after buying an additional 296,348 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other 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.