Dockside LLC Buys Shares of 7,972 DT Midstream, Inc. $DTM

Dockside LLC bought a new stake in DT Midstream, Inc. (NYSE:DTM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,972 shares of the company’s stock, valued at approximately $954,000.

Several other large investors have also recently modified their holdings of the business. Eventide Asset Management LLC raised its stake in shares of DT Midstream by 115.4% during the fourth quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock valued at $47,266,000 after acquiring an additional 211,471 shares during the last quarter. Arax Advisory Partners raised its stake in shares of DT Midstream by 60.9% during the fourth quarter. Arax Advisory Partners now owns 2,405 shares of the company’s stock valued at $288,000 after acquiring an additional 910 shares during the last quarter. Brasada Capital Management LP raised its stake in shares of DT Midstream by 1.4% during the fourth quarter. Brasada Capital Management LP now owns 10,293 shares of the company’s stock valued at $1,245,000 after acquiring an additional 142 shares during the last quarter. FORA Capital LLC bought a new position in shares of DT Midstream during the fourth quarter valued at $313,000. Finally, Kestra Advisory Services LLC raised its stake in shares of DT Midstream by 7.5% during the fourth quarter. Kestra Advisory Services LLC now owns 7,688 shares of the company’s stock valued at $920,000 after acquiring an additional 538 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Down 0.1%

NYSE:DTM opened at $142.14 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $140.61 and a 200-day moving average of $131.89. The company has a market cap of $14.50 billion, a PE ratio of 31.45, a PEG ratio of 3.10 and a beta of 0.72. DT Midstream, Inc. has a one year low of $98.06 and a one year high of $152.88.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts expect that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DTM shares. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research note on Thursday, April 30th. UBS Group raised their price target on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company raised their price target on shares of DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Scotiabank started coverage on shares of DT Midstream in a research note on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target for the company. Finally, Citigroup raised their price target on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.46.

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.