Catalyst Capital Advisors LLC Has $13.20 Million Stock Position in DT Midstream, Inc. $DTM

Catalyst Capital Advisors LLC decreased its stake in DT Midstream, Inc. (NYSE:DTM) by 34.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,308 shares of the company’s stock after selling 57,602 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.11% of DT Midstream worth $13,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB bought a new position in DT Midstream in the fourth quarter worth $1,371,000. JPMorgan Chase & Co. lifted its position in DT Midstream by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock worth $98,538,000 after purchasing an additional 63,438 shares during the period. Principal Financial Group Inc. lifted its position in DT Midstream by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 513,541 shares of the company’s stock worth $61,462,000 after purchasing an additional 13,212 shares during the period. Bahl & Gaynor Inc. lifted its position in DT Midstream by 2.5% in the third quarter. Bahl & Gaynor Inc. now owns 568,445 shares of the company’s stock worth $64,268,000 after purchasing an additional 14,127 shares during the period. Finally, SG Americas Securities LLC lifted its position in DT Midstream by 139.8% in the fourth quarter. SG Americas Securities LLC now owns 62,986 shares of the company’s stock worth $7,538,000 after purchasing an additional 36,722 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Down 2.2%

Shares of NYSE DTM opened at $140.02 on Friday. The stock has a market cap of $14.28 billion, a PE ratio of 30.98, a PEG ratio of 3.15 and a beta of 0.75. The business has a fifty day moving average of $139.49 and a two-hundred day moving average of $129.95. DT Midstream, Inc. has a 52-week low of $98.06 and a 52-week high of $152.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period last year, the business earned $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 expect that DT Midstream, Inc. will post 4.7 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is currently 77.88%.

Analyst Upgrades and Downgrades

DTM has been the subject of several research reports. Barclays raised their target price on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Mizuho raised their target price on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank initiated coverage on DT Midstream in a research report on Tuesday. They issued an “outperform” rating and a $176.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $166.00 target price on shares of DT Midstream in a research report on Friday, May 1st. Finally, The Goldman Sachs Group raised their target price on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DT Midstream has an average rating of “Moderate Buy” and an average price target of $154.46.

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.