DT Midstream (NYSE:DTM) Hits New 52-Week High – Time to Buy?

DT Midstream, Inc. (NYSE:DTM) shares reached a new 52-week high on Tuesday . The stock traded as high as $150.50 and last traded at $149.98, with a volume of 241332 shares traded. The stock had previously closed at $148.84.

Wall Street Analysts Forecast Growth

DTM has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $166.00 target price on shares of DT Midstream in a report on Friday, May 1st. Barclays upped their target price on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. UBS Group upped their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus set a $137.00 target price on shares of DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $152.67.

DT Midstream Trading Up 0.9%

The business’s fifty day simple moving average is $137.71 and its 200 day simple moving average is $127.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market cap of $15.32 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.75.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts expect that DT Midstream, Inc. will post 4.8 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.3%. DT Midstream’s dividend payout ratio is currently 77.88%.

Insider Transactions at DT Midstream

In other DT Midstream news, CFO Jeffrey A. Jewell bought 185 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were bought at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the transaction, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its position in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares during the period. 59 North Capital Management LP lifted its position in DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after purchasing an additional 1,010,965 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in DT Midstream by 10.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after purchasing an additional 285,770 shares during the period. Dimensional Fund Advisors LP lifted its position in DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock valued at $301,695,000 after purchasing an additional 99,602 shares during the period. Finally, Geode Capital Management LLC lifted its position in DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after purchasing an additional 106,533 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

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.