Jefferies Financial Group Inc. bought a new stake in DT Midstream, Inc. (NYSE:DTM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,665 shares of the company’s stock, valued at approximately $558,000.
Several other large investors have also added to or reduced their stakes in DTM. V Square Quantitative Management LLC bought a new position in shares of DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. grew its holdings in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Centerpoint Advisors LLC grew its holdings in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of DT Midstream by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of DT Midstream in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on DTM shares. Weiss Ratings lowered DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 20th. Wells Fargo & Company boosted their price target on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Morgan Stanley boosted their price target on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Mizuho boosted their price target on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Scotiabank initiated coverage on shares of DT Midstream in a research report on Tuesday. They set an “outperform” rating and a $176.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.46.
DT Midstream Stock Down 2.2%
DTM stock opened at $140.02 on Friday. The company has a market cap of $14.28 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. The business has a 50-day simple moving average of $139.49 and a 200 day simple moving average of $129.95. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.
DT Midstream (NYSE:DTM – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the previous year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts anticipate that DT Midstream, Inc. will post 4.7 EPS for the current fiscal year.
DT Midstream Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is 77.88%.
DT Midstream Company Profile
DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.
The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.
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