DT Midstream: A 5.2% Dividend With A 41% Payout Ratio [Seeking Alpha]
DT Midstream, Inc. (DTM)
Company Research
Source: Seeking Alpha
The company's share price has decreased by approximately 10% since its peak in Q4 2023. DT Midstream reported a strong distributable cash flow of $193M in Q3 2023 and expects a full-year DCFPS of approximately $6.70 at the low end of its guidance. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » Introduction DT Midstream ( NYSE: DTM ) will publish its full-year results on Friday, February 16, before the open, but I didn't want to wait for those results to check in on this midstream company. DT Midstream was spun off from DT Energy DTE ) and focuses on natural gas pipelines and storage assets. Although the natural gas price is definitely in a downcycle, DT Midstream doesn't appear to be too worried, as it highlighted its historical EBITDA performance during downcycles. Indeed, the company continued to grow its EBITDA even during weaker times, and its initial guidance for 2024
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DTM
News
- Do DT Midstream's (NYSE:DTM) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- DT Midstream, Inc. (NYSE:DTM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- DT Midstream, Inc. (NYSE: DTM) had its price target raised by analysts at Stifel Nicolaus from $62.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- DT Midstream, Inc. (NYSE: DTM) was downgraded by analysts at US Capital Advisors from an "overweight" rating to a "hold" rating.MarketBeat
- DT Midstream Reports Strong First Quarter 2024 ResultsGlobeNewswire
DTM
Earnings
- 4/30/24 - Beat
DTM
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/28/24 - Form ARS
- DTM's page on the SEC website