6,493 Shares in DT Midstream, Inc. $DTM Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 6,493 shares of the company’s stock, valued at approximately $874,000.

A number of other large investors also recently bought and sold shares of DTM. Elevation Point Wealth Partners LLC grew its stake in shares of DT Midstream by 10.5% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 3,213 shares of the company’s stock worth $436,000 after purchasing an additional 306 shares during the period. Keybank National Association OH lifted its stake in shares of DT Midstream by 36.0% in the 1st quarter. Keybank National Association OH now owns 3,494 shares of the company’s stock valued at $471,000 after purchasing an additional 925 shares during the period. Root Financial Partners LLC boosted its holdings in DT Midstream by 30.9% during the first quarter. Root Financial Partners LLC now owns 432 shares of the company’s stock worth $58,000 after buying an additional 102 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in DT Midstream during the first quarter worth $231,000. Finally, MQS Management LLC acquired a new stake in DT Midstream during the first quarter valued at $581,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DTM. Citigroup lifted their price objective 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. Raymond James Financial reissued an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Weiss Ratings cut DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday. Mizuho lifted their price target on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and an average target price of $155.23.

DT Midstream Price Performance

NYSE:DTM opened at $145.28 on Monday. The stock has a 50 day moving average of $145.09 and a two-hundred day moving average of $135.51. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88. The firm has a market cap of $14.82 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter last year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts expect that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. DT Midstream’s dividend payout ratio (DPR) is presently 77.88%.

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.