Legal & General Group Plc Has $20.35 Million Position in DT Midstream, Inc. $DTM

Legal & General Group Plc lessened its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,062 shares of the company’s stock after selling 74,710 shares during the quarter. Legal & General Group Plc’s holdings in DT Midstream were worth $20,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. boosted its position in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Centerpoint Advisors LLC boosted its position in shares of DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of DT Midstream during the 2nd quarter worth about $33,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.0%

Shares of DTM stock opened at $140.02 on Monday. The company has a 50 day moving average of $139.49 and a 200-day moving average of $130.05. The firm has a market cap of $14.28 billion, a P/E ratio of 30.98, a PEG ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to analyst estimates 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 in the previous year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts anticipate that DT Midstream, Inc. will post 4.7 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. DT Midstream’s payout ratio is 77.88%.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company increased their price objective on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Citigroup increased their price objective 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. Morgan Stanley increased their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, 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 report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

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.