DT Midstream: Consistent Performance and Strategic Stability Justify Buy Rating

Analyst Michael Blum of Wells Fargo maintained a Buy rating on DT Midstream (DTM – Research Report), with a price target of $108.00.

Michael Blum has given his Buy rating due to a combination of factors including DT Midstream’s consistent financial performance and stable outlook. The company’s Q1’25 results were largely in line with expectations, with adjusted EBITDA closely matching both the consensus and Blum’s estimates. This consistency in performance is further supported by the reaffirmation of the 2025 EBITDA guidance and a positive early outlook for 2026.
Another factor contributing to the Buy rating is DT Midstream’s strong capital management and strategic planning. The company maintained its capital expenditure budget and organic backlog, indicating a stable investment strategy. Additionally, the company’s dividend declaration aligns with expectations, demonstrating a commitment to shareholder returns. The absence of commodity price exposure and a high percentage of demand-based contracts further enhance the company’s financial stability, making it an attractive investment opportunity.

Blum covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Genesis Energy. According to TipRanks, Blum has an average return of 8.8% and a 61.98% success rate on recommended stocks.

In another report released on April 30, Bank of America Securities also reiterated a Buy rating on the stock with a $110.00 price target.