Commonwealth Equity Services LLC Decreases Stake in DT Midstream, Inc. $DTM

Commonwealth Equity Services LLC reduced its position in DT Midstream, Inc. (NYSE:DTM) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,333 shares of the company’s stock after selling 6,759 shares during the period. Commonwealth Equity Services LLC’s holdings in DT Midstream were worth $4,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. boosted its position in DT Midstream by 62.7% in 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. Centerpoint Advisors LLC boosted its position in DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after buying an additional 179 shares during the last quarter. WFA of San Diego LLC purchased a new position in DT Midstream in the 2nd quarter valued at about $33,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in DT Midstream in the 4th quarter valued at about $36,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DTM shares. Scotiabank started coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Mizuho increased their price target on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $166.00 price target on shares of DT Midstream in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DT Midstream presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Price Performance

DTM opened at $142.31 on Monday. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The company’s 50-day moving average price is $140.00 and its 200 day moving average price is $130.99. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last released its quarterly earnings data 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 firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the prior 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, sell-side analysts expect that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. DT Midstream’s dividend payout ratio (DPR) is presently 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.