DT Midstream Q3 EPS Forecast Lifted by US Capital Advisors

DT Midstream, Inc. (NYSE:DTM) – Analysts at US Capital Advisors raised their Q3 2024 EPS estimates for DT Midstream in a note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.99 per share for the quarter, up from their previous estimate of $0.95. The consensus estimate for DT Midstream’s current full-year earnings is $3.99 per share. US Capital Advisors also issued estimates for DT Midstream’s Q4 2024 earnings at $1.08 EPS and FY2024 earnings at $4.03 EPS.

A number of other research analysts also recently issued reports on DTM. JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Stifel Nicolaus downgraded shares of DT Midstream from a “buy” rating to a “hold” rating and boosted their target price for the company from $78.00 to $89.00 in a research report on Wednesday. Morgan Stanley boosted their target price on shares of DT Midstream from $82.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Barclays boosted their target price on shares of DT Midstream from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company boosted their target price on shares of DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $78.75.

DT Midstream Trading Up 1.8 %

NYSE:DTM opened at $90.94 on Tuesday. DT Midstream has a 12 month low of $51.17 and a 12 month high of $91.50. The firm has a fifty day simple moving average of $80.83 and a 200-day simple moving average of $73.07. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.83 billion, a P/E ratio of 22.13 and a beta of 0.74.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $242.64 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share.

Institutional Trading of DT Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in DT Midstream by 324.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in DT Midstream in the 3rd quarter valued at about $29,000. Family Firm Inc. acquired a new stake in DT Midstream in the 2nd quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new stake in DT Midstream in the 2nd quarter valued at about $31,000. Finally, American National Bank raised its holdings in DT Midstream by 100.0% in the 2nd quarter. American National Bank now owns 468 shares of the company’s stock valued at $33,000 after acquiring an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.735 per share. The ex-dividend date is Monday, December 16th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.23%. DT Midstream’s dividend payout ratio is currently 71.53%.

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.