Brighton Securities CORP. Sells 3,517 Shares of DT Midstream, Inc. $DTM

Brighton Securities CORP. reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 63.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,009 shares of the company’s stock after selling 3,517 shares during the period. Brighton Securities CORP.’s holdings in DT Midstream were worth $240,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG raised its stake in DT Midstream by 6.9% in the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares in the last quarter. 59 North Capital Management LP grew its stake in DT Midstream by 49.0% during the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after buying an additional 1,010,965 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in DT Midstream by 10.6% during 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 buying an additional 285,770 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $301,695,000 after buying an additional 99,602 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 valued at $288,191,000 after buying an additional 106,533 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 0.1%

Shares of DTM opened at $143.49 on Friday. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day moving average of $141.38 and a 200-day moving average of $132.59.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the previous year, the company posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid 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%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a report on Thursday, April 30th. Mizuho lifted their price objective on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group boosted their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, June 4th. Finally, Wells Fargo & Company upped their target price on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.