DT Midstream Stock Earnings Estimates Cut by Scotiabank

DT Midstream, Inc. (NYSE:DTM) – Investment analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for DT Midstream in a note issued to investors on Thursday, October 22nd. Scotiabank analyst B. Bingham now forecasts that the company will earn $5.10 per share for the year, down from their previous forecast of $5.13. The consensus estimate for DT Midstream’s current full-year earnings is $4.57 per share.

DTM has been the topic of a number of other reports. Mizuho cut their price objective on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wolfe Research upgraded shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their target price on shares of DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $121.00 price target on shares of DT Midstream in a research report on Wednesday, October 14th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.36.

DT Midstream Trading Down 0.9%

NYSE DTM opened at $123.34 on Friday. The firm has a market capitalization of $12.58 billion, a P/E ratio of 26.99, a PEG ratio of 3.48 and a beta of 0.72. The business has a fifty day simple moving average of $126.54 and a 200 day simple moving average of $136.23. DT Midstream has a 12 month low of $104.99 and a 12 month high of $152.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million during 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 quarter in the prior year, the business earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, September 21st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, September 21st. DT Midstream’s dividend payout ratio is 77.02%.

Institutional Investors Weigh In On DT Midstream

Large investors have recently made changes to their positions in the business. Chickasaw Capital Management LLC boosted its holdings in shares of DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company’s stock worth $62,430,000 after buying an additional 143,766 shares during the last quarter. Edgestream Partners L.P. grew its position in DT Midstream by 1,501.5% during the first quarter. Edgestream Partners L.P. now owns 103,683 shares of the company’s stock valued at $13,963,000 after buying an additional 97,209 shares during the period. NEOS Investment Management LLC increased its holdings in DT Midstream by 50.6% during the second quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock worth $30,869,000 after buying an additional 70,650 shares during the last quarter. Ancora Advisors LLC purchased a new stake in DT Midstream during the second quarter worth about $7,362,000. Finally, Dorsey Wright & Associates increased its holdings in DT Midstream by 63.6% during the first quarter. Dorsey Wright & Associates now owns 102,768 shares of the company’s stock worth $13,840,000 after buying an additional 39,958 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.