DT Midstream, Inc. (DTM)

DT Midstream's stock has shown positive momentum, reaching a new 52-week high in early February 2026. Analyst sentiment is largely positive, with firms like Citigroup and Wells Fargo raising their price targets. The company reported strong third-quarter 2025 results, surpassing EPS and revenue estimates. A quarterly dividend of $0.82 per share was declared, and the company achieved an investment-grade credit rating with all three major rating agencies in the second quarter of 2025.

DT Midstream's business model relies on fee-based rates from long-term contracts, insulating it from natural gas price fluctuations. While revenue is stable due to contract structure, cash flows can be influenced by seasonality and weather conditions. Natural gas demand typically increases in colder months for heating and potentially in warmer months for power generation. Long-term demand growth is anticipated due to expanding LNG exports and increased power and data center demand.

DT Midstream, Inc. operates in the Energy sector, focusing on the Oil & Gas Midstream industry. The company owns, operates, and develops natural gas infrastructure, including pipelines, storage, and gathering systems. Its services encompass natural gas transportation, storage, gathering, NGLs fractionation, and produced-water handling, serving a diverse customer base.

Headquartered in Detroit, Michigan, DT Midstream's operations span the Southern, Northeastern, and Midwestern United States, as well as Canada. Its assets are strategically located in premier dry gas basins like the Marcellus, Utica, and Haynesville shales, with a presence in the Delaware Basin. The infrastructure includes over 2,200 miles of FERC-regulated interstate pipelines, approximately 700 miles of lateral pipelines, 94 Bcf of regulated gas storage capacity in Michigan, and more than 800 miles of gathering lines.

DT Midstream maintains a positive brand reputation through its commitment to ESG principles. The company aims for net-zero greenhouse gas emissions by 2050, with a 30% reduction target by 2030. The successful Guardian Pipeline expansion and achievement of an investment-grade credit rating enhance its reputation for reliable service and financial health.

DT Midstream has significant institutional ownership, with approximately 81.53% of the stock held by institutional investors. Major shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Vanguard Group Inc. holds a substantial number of shares valued at approximately $1.25 billion as of February 2026.