Geode Capital Management LLC raised its holdings in DT Midstream, Inc. (NYSE:DTM – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,407,612 shares of the company’s stock after acquiring an additional 106,533 shares during the quarter. Geode Capital Management LLC’s holdings in DT Midstream were worth $288,191,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 59 North Capital Management LP boosted its stake in DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DT Midstream by 3.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock valued at $301,695,000 after acquiring an additional 99,602 shares during the last quarter. Merewether Investment Management LP boosted its stake in DT Midstream by 192.4% in the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after acquiring an additional 658,400 shares during the last quarter. Northern Trust Corp boosted its position in shares of DT Midstream by 1.7% during the third quarter. Northern Trust Corp now owns 914,538 shares of the company’s stock worth $103,398,000 after purchasing an additional 15,044 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of DT Midstream by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock worth $98,538,000 after purchasing an additional 63,438 shares in the last quarter. 81.53% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
DTM has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wells Fargo & Company lifted their price target on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Mizuho lifted their price target on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley lifted their price target on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Scotiabank initiated coverage on shares of DT Midstream in a research report on Tuesday, May 26th. 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 given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.46.
DT Midstream Trading Down 1.0%
DTM opened at $138.53 on Tuesday. The stock has a market capitalization of $14.13 billion, a P/E ratio of 30.65, a P/E/G ratio of 3.08 and a beta of 0.72. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88. The firm’s fifty day simple moving average is $139.50 and its 200 day simple moving average is $130.22. The company has a current ratio of 1.26, a quick 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 data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period in the previous year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts anticipate that DT Midstream, Inc. will post 4.7 EPS for the current fiscal year.
DT Midstream Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is currently 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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