FY2024 EPS Estimates for DT Midstream, Inc. (NYSE:DTM) Decreased by US Capital Advisors

DT Midstream, Inc. (NYSE:DTM) – US Capital Advisors lowered their FY2024 earnings per share (EPS) estimates for DT Midstream in a research report issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $3.80 per share for the year, down from their previous forecast of $3.81. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for DT Midstream’s current full-year earnings is $3.93 per share.

A number of other equities research analysts have also weighed in on the company. Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Mizuho boosted their target price on DT Midstream from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Stifel Nicolaus boosted their target price on DT Midstream from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their target price on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $61.50.

DT Midstream Trading Up 0.5 %

NYSE DTM opened at $62.93 on Thursday. DT Midstream has a 1-year low of $45.10 and a 1-year high of $64.69. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $60.57 and a 200-day moving average of $56.77. The firm has a market cap of $6.11 billion, a PE ratio of 15.30 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. DT Midstream had a return on equity of 9.41% and a net margin of 42.46%. The firm had revenue of $240.00 million during the quarter, compared to analyst estimates of $242.62 million. During the same quarter in the previous year, the company posted $0.84 earnings per share.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.67%. DT Midstream’s dividend payout ratio (DPR) is 71.71%.

Insiders Place Their Bets

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the acquisition, the director now owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of DT Midstream during the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth approximately $25,000. Mather Group LLC. purchased a new stake in shares of DT Midstream in the 1st quarter worth approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth approximately $32,000. Finally, Burkett Financial Services LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

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.