MQS Management LLC Buys New Position in DT Midstream, Inc. $DTM

MQS Management LLC bought a new stake in DT Midstream, Inc. (NYSE:DTM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,313 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream during the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. boosted its position in shares of DT Midstream by 62.7% in 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 period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream in the fourth quarter worth $30,000. WFA of San Diego LLC acquired a new stake in shares of DT Midstream in the second quarter worth $33,000. Finally, Commonwealth Retirement Investments LLC bought a new position in DT Midstream during the fourth quarter worth $36,000. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Performance

DTM opened at $146.81 on Wednesday. The stock’s 50 day simple moving average is $143.36 and its 200-day simple moving average is $134.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.98 billion, a PE ratio of 32.48, a P/E/G ratio of 3.22 and a beta of 0.72. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88.

DT Midstream (NYSE:DTM) last issued 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 firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period last year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. DT Midstream’s dividend payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho upped their target price 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. Raymond James Financial restated an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream 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.