US Capital Advisors Weighs in on DT Midstream Q3 Earnings

DT Midstream, Inc. (NYSE:DTM) – Equities research analysts at US Capital Advisors boosted their Q3 2024 earnings per share estimates for DT Midstream in a research report issued to clients and investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings of $0.99 per share for the quarter, up from their prior forecast 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.

DT Midstream (NYSE:DTM) last posted its earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $244.00 million during the quarter, compared to analyst estimates of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same period in the previous year, the company earned $0.93 EPS.

Other equities research analysts have also issued reports about the stock. Citigroup increased their target price on shares of DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price target on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on DT Midstream from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Morgan Stanley increased their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Barclays boosted their price objective on shares of DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.38.

DT Midstream Stock Up 0.1 %

DT Midstream stock opened at $87.47 on Tuesday. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 21.33 and a beta of 0.74. The company’s 50 day simple moving average is $80.25 and its 200 day simple moving average is $72.76. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. DT Midstream has a fifty-two week low of $51.17 and a fifty-two week high of $88.21.

Institutional Trading of DT Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTM. FSA Advisors Inc. lifted its stake in DT Midstream by 7.7% in the 3rd quarter. FSA Advisors Inc. now owns 4,609 shares of the company’s stock valued at $360,000 after purchasing an additional 328 shares during the last quarter. State of Alaska Department of Revenue boosted its position in DT Midstream by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 42,060 shares of the company’s stock worth $3,307,000 after purchasing an additional 765 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of DT Midstream by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,320 shares of the company’s stock valued at $733,000 after purchasing an additional 748 shares during the period. Parcion Private Wealth LLC acquired a new stake in shares of DT Midstream during the 3rd quarter worth about $216,000. Finally, Sigma Investment Counselors Inc. boosted its holdings in shares of DT Midstream by 13.7% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 3,792 shares of the company’s stock worth $298,000 after buying an additional 456 shares during the period. 81.53% of the stock is owned by institutional investors.

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.