Hopwood Nicholas Hunter Takes Position in DT Midstream, Inc. $DTM

Hopwood Nicholas Hunter purchased a new position in DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 5,220 shares of the company’s stock, valued at approximately $766,000.

A number of other institutional investors also recently added to or reduced their stakes in DTM. Deutsche Bank AG lifted its position in shares of DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after buying an additional 200,114 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after acquiring an additional 285,770 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DT Midstream by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after acquiring an additional 106,533 shares during the period. Invesco Ltd. grew its holdings in shares of DT Midstream by 4.7% in the 4th quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after purchasing an additional 47,030 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of DT Midstream by 7.7% in the 4th quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock worth $124,611,000 after purchasing an additional 74,355 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of DTM stock opened at $129.45 on Friday. DT Midstream, Inc. has a 1 year low of $102.43 and a 1 year high of $152.88. The firm’s 50 day moving average is $137.98 and its 200-day moving average is $139.15. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.62 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same period in the prior year, the business earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research upgraded shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, August 26th. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. UBS Group boosted their target price on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.43.

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.