Jennison Associates LLC Increases Position in DT Midstream, Inc. $DTM

Posted by Brian Himes on Jul 21st, 2026

Jennison Associates LLC increased its holdings in DT Midstream, Inc. (NYSE:DTM – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 258,277 shares of the company’s stock after acquiring an additional 10,637 shares during the quarter. Jennison Associates LLC’s holdings in DT Midstream were worth $34,782,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the 4th quarter worth approximately $28,000. Richardson Financial Services Inc. boosted its stake in shares of 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 buying an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream during the 4th quarter valued at approximately $30,000. WFA of San Diego LLC acquired a new stake in shares of DT Midstream during the second quarter worth approximately $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of DT Midstream during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Ratings Changes

DTM has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Jefferies Financial Group boosted their target price on shares of DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Finally, UBS Group increased 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. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.69.

View Our Latest Report on DTM

DT Midstream Stock Performance

DTM stock opened at $144.17 on Tuesday. The stock’s 50 day simple moving average is $145.16 and its 200 day simple moving average is $136.57. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88. The firm has a market cap of $14.71 billion, a P/E ratio of 31.90, a P/E/G ratio of 3.15 and a beta of 0.71. 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 released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $313.65 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 4.77 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s payout ratio is 77.88%.

DT Midstream Profile

(Free Report)

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.