Pacer Advisors Inc. Buys 15,260 Shares of DT Midstream, Inc. $DTM

Pacer Advisors Inc. increased its stake in DT Midstream, Inc. (NYSE:DTM) by 6.0% during the 1st quarter, HoldingsChannel reports. The firm owned 269,202 shares of the company’s stock after buying an additional 15,260 shares during the period. Pacer Advisors Inc.’s holdings in DT Midstream were worth $36,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DTM. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 4th quarter valued at $28,000. Western Wealth Management LLC bought a new stake in shares of DT Midstream in the first quarter worth $32,000. Richardson Financial Services Inc. increased its position in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in DT Midstream during the fourth quarter valued at $30,000. Finally, Commonwealth Retirement Investments LLC bought a new position in DT Midstream in the fourth quarter valued at about $36,000. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

DTM has been the topic of several research reports. Scotiabank started coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 target price on the stock. Barclays increased their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Jefferies Financial Group set a $155.00 target price on shares of DT Midstream in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen downgraded shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Moderate Buy” and an average target price of $154.08.

DT Midstream Stock Down 1.8%

Shares of NYSE DTM opened at $135.56 on Tuesday. The firm’s 50-day moving average price is $143.48 and its 200-day moving average price is $138.06. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 3.02 and a beta of 0.72. DT Midstream, Inc. has a 12-month low of $100.48 and a 12-month high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to analysts’ expectations of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.During the same quarter in the prior year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 4.73 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed 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 2.6%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is presently 77.02%.

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.