Dt midstream stock price trades at $61

DT Midstream stock price trades at $61.45 with average daily volume at 680,000 shares. Market sentiment tilts positive, aided by the firm’s multi-year contracts, which mitigate exposure to spot price fluctuations in natural gas markets. Moreover, DT Midstream is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 76%. As a result, DT Midstream's ROE is not expected to change by much either, which we inferred from the analyst estimate of 9.7% for future ROE. For DT Midstream, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.41%. In Thursday’s market, DT Midstream stock price saw a slight pullback to $60.90, yet the trend remains intact above the 50-day moving average. Technical analysts note strong support at $59, suggesting limited downside risk in current trading channels.