Cohen & Steers Inc. raised its position in shares of DT Midstream, Inc. (NYSE:DTM – Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,103 shares of the company’s stock after acquiring an additional 6,193 shares during the quarter. Cohen & Steers Inc.’s holdings in DT Midstream were worth $19,520,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in DT Midstream during the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. boosted its position in DT Midstream by 62.7% during 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. Commonwealth Retirement Investments LLC bought a new stake in DT Midstream during the 4th quarter valued at approximately $36,000. WFA of San Diego LLC bought a new stake in DT Midstream during the 2nd quarter valued at approximately $33,000. Finally, Assetmark Inc. boosted its position in DT Midstream by 99.5% during the 3rd quarter. Assetmark Inc. now owns 399 shares of the company’s stock valued at $45,000 after acquiring an additional 199 shares in the last quarter. 81.53% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. 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. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial reissued an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Finally, Citigroup boosted their price target on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.
DT Midstream Price Performance
Shares of NYSE DTM opened at $142.14 on Friday. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The firm has a market cap of $14.50 billion, a P/E ratio of 31.45, a PEG ratio of 3.06 and a beta of 0.72. The company has a 50 day moving average of $140.61 and a 200 day moving average of $131.78. 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 announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The company had revenue of $336.00 million during the quarter, compared to analyst estimates of $313.65 million. During the same period in the previous year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts expect that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.
DT Midstream Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.
About DT Midstream
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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