Eventide Asset Management LLC increased its position in shares of DT Midstream, Inc. (NYSE:DTM – Free Report) by 115.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 394,724 shares of the company’s stock after acquiring an additional 211,471 shares during the period. Eventide Asset Management LLC’s holdings in DT Midstream were worth $47,266,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG increased its holdings in DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after acquiring an additional 200,114 shares during the period. 59 North Capital Management LP increased its holdings in DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after acquiring an additional 1,010,965 shares during the period. Dimensional Fund Advisors LP increased its holdings in DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after acquiring an additional 99,602 shares during the period. Geode Capital Management LLC increased its holdings in DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after acquiring an additional 106,533 shares during the period. Finally, Morgan Stanley increased its holdings in shares of DT Midstream by 7.7% in the 4th quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock worth $124,611,000 after buying an additional 74,355 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on DTM shares. The Goldman Sachs Group increased their price target on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. Scotiabank started coverage on shares of DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target on the stock. Mizuho increased their price target on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Citigroup increased their price target on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently 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. The company’s fifty day moving average price is $140.61 and its 200-day moving average price is $131.78. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.10 and a beta of 0.72. DT Midstream, Inc. has a one year low of $98.06 and a one year high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26.
DT Midstream (NYSE:DTM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS 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 firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.
DT Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. 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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