DT Midstream, Inc. $DTM Stake Lowered by BROOKFIELD Corp ON

BROOKFIELD Corp ON lowered its position in DT Midstream, Inc. (NYSE:DTM) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,281 shares of the company’s stock after selling 5,001 shares during the quarter. BROOKFIELD Corp ON owned approximately 0.50% of DT Midstream worth $68,046,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after acquiring an additional 16,043 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after purchasing an additional 218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in DT Midstream by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after purchasing an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares in the last quarter. Finally, Cresset Asset Management LLC increased its position in DT Midstream by 2.6% during the second quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock worth $698,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DTM. Morgan Stanley raised their target price on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Mizuho upped their price target on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings raised DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. UBS Group raised their price objective on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Citigroup boosted their target price on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.69.

DT Midstream Stock Up 0.0%

DTM stock opened at $145.71 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a 52-week low of $98.63 and a 52-week high of $152.88. The company has a 50-day moving average of $144.97 and a two-hundred day moving average of $137.25. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $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 anticipate that DT Midstream, Inc. will post 4.77 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was 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 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.