Miller Howard Investments Inc. NY lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM – Free Report) by 6.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 224,383 shares of the company’s stock after buying an additional 14,259 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in DT Midstream were worth $26,807,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of DTM. California State Teachers Retirement System boosted its holdings in DT Midstream by 26.3% in the 1st quarter. California State Teachers Retirement System now owns 120,551 shares of the company’s stock worth $16,235,000 after buying an additional 25,099 shares during the period. Walleye Capital LLC purchased a new position in DT Midstream in the 1st quarter valued at approximately $1,669,000. NEOS Investment Management LLC grew its stake in DT Midstream by 50.6% in the 2nd quarter. NEOS Investment Management LLC now owns 210,368 shares of the company’s stock valued at $30,869,000 after buying an additional 70,650 shares in the last quarter. Wellington Management Group LLP raised its holdings in DT Midstream by 115.6% during the 2nd quarter. Wellington Management Group LLP now owns 70,627 shares of the company’s stock valued at $10,364,000 after acquiring an additional 37,868 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in DT Midstream by 117.5% during the 2nd quarter. Squarepoint Ops LLC now owns 40,041 shares of the company’s stock valued at $5,876,000 after acquiring an additional 21,631 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “sell” rating and set a $121.00 target price on shares of DT Midstream in a research report on Wednesday, October 14th. Morgan Stanley reduced their price target on DT Midstream from $170.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Wednesday, August 26th. Scotiabank set a $165.00 price objective on DT Midstream in a research note on Thursday, October 15th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of DT Midstream in a report on Thursday, October 15th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.36.
Get Our Latest Stock Report on DT Midstream
DT Midstream Stock Up 2.5%
DTM opened at $126.98 on Tuesday. The stock has a market cap of $12.95 billion, a PE ratio of 27.79, a P/E/G ratio of 3.47 and a beta of 0.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 52 week low of $105.24 and a 52 week high of $152.88. The business’s fifty day simple moving average is $126.23 and its 200 day simple moving average is $134.46.
DT Midstream (NYSE:DTM – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million for the quarter, compared to analysts’ expectations of $325.84 million. During the same quarter in the previous year, the business earned $1.04 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 4.57 earnings per share for the current fiscal year.
DT Midstream Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, September 21st were given a dividend of $0.88 per share. The ex-dividend date was Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.8%. DT Midstream’s dividend payout ratio is 77.02%.
DT Midstream Company Profile
DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.
DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.
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