Nykredit A S acquired a new stake in DT Midstream, Inc. (NYSE:DTM – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,104 shares of the company’s stock, valued at approximately $749,000.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in DT Midstream during the 4th quarter worth $115,715,000. Merewether Investment Management LP boosted its holdings in shares of 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 in the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of DT Midstream by 414.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock valued at $44,030,000 after acquiring an additional 296,348 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after acquiring an additional 285,770 shares during the period. Finally, Millennium Management LLC increased its stake in shares of DT Midstream by 838.1% during the third quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock worth $31,699,000 after acquiring an additional 250,483 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DTM has been the subject of a number of recent analyst reports. Mizuho reduced their price objective on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Wolfe Research raised DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Wednesday, August 26th. Jefferies Financial Group set a $155.00 target price on DT Midstream in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, UBS Group raised their price target on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.43.
DT Midstream Stock Performance
NYSE:DTM opened at $129.45 on Tuesday. The firm’s fifty day simple moving average is $137.61 and its 200-day simple moving average is $139.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The stock has a market cap of $13.21 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.70. DT Midstream, Inc. has a fifty-two week low of $102.43 and a fifty-two week high of $152.88.
DT Midstream (NYSE:DTM – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same quarter last year, the business earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts expect that DT Midstream, Inc. will post 4.55 earnings per share for the current fiscal year.
DT Midstream Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is presently 77.02%.
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.
Featured Articles
- Five stocks we like better than DT Midstream
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Want to see what other hedge funds are holding DTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DT Midstream, Inc. (NYSE:DTM – Free Report).
Receive News & Ratings for DT Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DT Midstream and related companies with MarketBeat.com's FREE daily email newsletter.
