26,165 Shares in DT Midstream, Inc. $DTM Bought by JB Capital Partners LP

JB Capital Partners LP bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 26,165 shares of the company’s stock, valued at approximately $745,179,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DTM. Deutsche Bank AG raised its position in shares of DT Midstream by 6.9% in the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after acquiring an additional 200,114 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in DT Midstream by 10.6% in 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 purchasing an additional 285,770 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DT Midstream by 4.6% in the 4th 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 in the last quarter. Invesco Ltd. boosted its stake in DT Midstream by 4.7% during the fourth quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after acquiring an additional 47,030 shares in the last quarter. Finally, Morgan Stanley boosted its stake in DT Midstream by 7.7% during the fourth quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock worth $124,611,000 after acquiring an additional 74,355 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DTM. Jefferies Financial Group set a $155.00 target price on DT Midstream in a research report on Friday, July 31st. Barclays lifted their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Scotiabank initiated coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Mizuho reduced their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.08.

DT Midstream Trading Down 2.2%

NYSE:DTM opened at $127.08 on Friday. DT Midstream, Inc. has a 12 month low of $100.48 and a 12 month high of $152.88. 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 firm’s 50 day moving average is $141.06 and its 200 day moving average is $139.13. The stock has a market capitalization of $12.96 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72.

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

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 21st. DT Midstream’s payout ratio is currently 77.02%.

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.