Prudential PLC Buys New Stake in DT Midstream, Inc. $DTM

Prudential PLC bought a new stake in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,269 shares of the company’s stock, valued at approximately $870,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. 59 North Capital Management LP grew its stake in DT Midstream by 49.0% in the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after buying an additional 1,010,965 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DT Midstream by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after purchasing an additional 99,602 shares during the last quarter. Geode Capital Management LLC grew its position in DT Midstream by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after purchasing an additional 106,533 shares during the last quarter. Merewether Investment Management LP grew its position in DT Midstream by 192.4% in the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after purchasing an additional 658,400 shares during the last quarter. Finally, Norges Bank acquired a new stake in DT Midstream in the 4th quarter worth $115,715,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Citigroup raised their price target on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group raised their price target on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. raised their price target on shares of DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the stock a “hold” rating in a research report on Monday, February 23rd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Price Performance

NYSE:DTM opened at $142.31 on Monday. The company has a 50-day moving average of $140.00 and a 200-day moving average of $130.99. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 3.11 and a beta of 0.72. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. 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 released 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 company had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period last year, the firm earned $1.06 EPS. 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 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. 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.