Reaves W H & Co. Inc. Boosts Holdings in DT Midstream, Inc. $DTM

Reaves W H & Co. Inc. increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 762,753 shares of the company’s stock after buying an additional 65,327 shares during the quarter. DT Midstream accounts for about 1.6% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 22nd largest position. Reaves W H & Co. Inc. owned approximately 0.75% of DT Midstream worth $91,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DTM. 59 North Capital Management LP boosted its holdings in shares of DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after buying an additional 1,010,965 shares during the last quarter. Norges Bank purchased a new position in shares of DT Midstream in the fourth quarter worth approximately $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 worth $113,128,000 after buying an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of DT Midstream in the third quarter worth approximately $43,347,000. Finally, Holocene Advisors LP boosted its holdings in shares of DT Midstream by 117.7% in the third quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock worth $62,642,000 after buying an additional 299,609 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DTM. UBS Group raised their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $166.00 price objective on shares of DT Midstream in a report on Friday, May 1st. Citigroup lifted their price target on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the company a “hold” rating in a report on Monday, February 23rd. One investment 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 stock. According to MarketBeat.com, DT Midstream presently has an average rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Trading Up 0.0%

Shares of DTM opened at $140.02 on Monday. The company’s fifty day moving average is $139.49 and its 200 day moving average is $130.05. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The stock has a market capitalization of $14.28 billion, a PE ratio of 30.98, a P/E/G ratio of 3.08 and a beta of 0.72. 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 announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The company had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side 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 given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. DT Midstream’s payout ratio is currently 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.