Barclays initiated coverage on DT Midstream with a new price target
$DTM
Natural Gas Distribution
Utilities
Barclays initiated coverage of DT Midstream with a rating of Equal Weight and set a new price target of $112.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $112.00 | Equal Weight | Barclays |
| 12/19/2024 | $89.00 → $106.00 | Hold → Buy | Stifel |
| 11/21/2024 | $90.00 → $115.00 | Neutral → Buy | Citigroup |
| 10/30/2024 | $78.00 → $89.00 | Buy → Hold | Stifel |
| 6/4/2024 | $62.00 → $77.00 | Equal Weight → Overweight | Wells Fargo |
| 2/20/2024 | Underperform → Peer Perform | Wolfe Research | |
| 1/10/2024 | $53.00 | Peer Perform → Underperform | Wolfe Research |
| 1/5/2024 | $58.00 → $57.00 | Buy → Neutral | Mizuho |
4 - DT Midstream, Inc. (0001842022) (Issuer)
4 - DT Midstream, Inc. (0001842022) (Issuer)
4 - DT Midstream, Inc. (0001842022) (Issuer)
In a release issued under the same headline earlier today by DT Midstream, Inc. (NYSE:DTM), please note that in the "Conference Call" paragraph of the release, the call time should be 9:30 a.m. ET (8:30 a.m. CT) on Wednesday, November 20, rather than 8:00 a.m. ET (7:00 a.m. CT) as previously stated. The corrected release follows: DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines Three regulated natural gas transmission pipelines with total capacity of more than 3.7 Bcf/d across the Upper Midwest Premier assets with a high-quality demand-pull customer baseConnected to DTM's existing assets and strategically located to take advantage of
Three regulated natural gas transmission pipelines with total capacity of more than 3.7 Bcf/d across the Upper Midwest Premier assets with a high-quality demand-pull customer baseConnected to DTM's existing assets and strategically located to take advantage of strong power demand fundamentals DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced that it has reached an agreement to acquire a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE:OKE) for $1.2 billion. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the attractive Midwest market region
DETROIT, Oct. 29, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.735 per share dividend on its common stock payable January 15, 2025 to stockholders of record at the close of business December 16, 2024. "We c
4/A - DT Midstream, Inc. (0001842022) (Issuer)
4 - DT Midstream, Inc. (0001842022) (Issuer)
4 - DT Midstream, Inc. (0001842022) (Issuer)
Barclays initiated coverage of DT Midstream with a rating of Equal Weight and set a new price target of $112.00
Stifel upgraded DT Midstream from Hold to Buy and set a new price target of $106.00 from $89.00 previously
Citigroup upgraded DT Midstream from Neutral to Buy and set a new price target of $115.00 from $90.00 previously
SC 13G/A - DT Midstream, Inc. (0001842022) (Subject)
SC 13G/A - DT Midstream, Inc. (0001842022) (Subject)
SC 13G/A - DT Midstream, Inc. (0001842022) (Subject)
DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE:OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion. "The bolt-on acquisition of these premier pipelines is fully aligned with our pure play natural gas strategy," said David Slater, DT Midstream President and CEO. "This acquisition also increases the revenue contribution from our pipeline segment, supported by take-or-pay contracts with strong credit quality utility customers." "We are happy to have on boa
Guardian, Midwestern and Viking Gas Transmission Pipelines Sold to DT Midstream for $1.2 Billion TULSA, Okla., Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE:DTM), effective as of 11:59 p.m. Central on Dec. 31, 2024, for a total cash consideration of $1.2 billion, subject to customary adjustments. "The closing of this transaction represents another milestone in the strategic optimization of our integrated asset portfolio and advances o
DETROIT, Dec. 06, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. ("DT Midstream" or the "Company") (NYSE:DTM) today announced that it has closed the previously announced offering (the "Offering") of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the "Notes"). The Notes were issued by DT Midstream, guaranteed by certain of DT Midstream's subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream's existing credit facilities and existing senior secured notes. DT Midstream intends to use the net proceeds from the sale of the Notes, together with the proceeds from its recently completed offering of common stoc
DETROIT, March 08, 2023 (GLOBE NEWSWIRE) -- The DT Midstream, Inc. Board of Directors announced the appointment of Angela Archon to its Board of Directors, effective March 7, 2023. Ms. Archon, who qualifies as an independent director, will serve as a Class III Director of DT Midstream until the company's 2024 annual meeting of stockholders or until her earlier resignation or removal. Ms. Archon's career includes over 30 years at International Business Machines (IBM) where she held various global executive leadership roles in strategy, operations, customer relations, IT systems, business development and supply chain management. Ms. Archon also has significant independent public board exp
8-K - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)