Wellington Management Group LLP Acquires 37,868 Shares of DT Midstream, Inc. $DTM

Wellington Management Group LLP boosted its holdings in DT Midstream, Inc. (NYSE:DTM) by 115.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,627 shares of the company’s stock after buying an additional 37,868 shares during the period. Wellington Management Group LLP owned approximately 0.07% of DT Midstream worth $10,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of DT Midstream in the fourth quarter worth $115,715,000. Merewether Investment Management LP grew its position in shares of DT Midstream by 192.4% in the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after purchasing an additional 658,400 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in shares of DT Midstream by 414.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock valued at $44,030,000 after purchasing an additional 296,348 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in shares of DT Midstream by 10.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after purchasing an additional 285,770 shares during the period. Finally, Millennium Management LLC lifted its holdings in DT Midstream by 838.1% during the 3rd quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock worth $31,699,000 after purchasing an additional 250,483 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

DTM has been the subject of several analyst reports. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Morgan Stanley increased their price target on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Jefferies Financial Group set a $155.00 price objective on shares of DT Midstream in a research report on Friday, July 31st. 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 objective for the company. Finally, UBS Group upped their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.43.

DT Midstream Stock Down 0.1%

Shares of NYSE:DTM opened at $129.45 on Tuesday. The firm has a market capitalization of $13.21 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. DT Midstream, Inc. has a 52-week low of $102.43 and a 52-week high of $152.88. The firm has a fifty day moving average of $137.61 and a 200 day moving average of $139.17.

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

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $0.88 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. DT Midstream’s payout ratio is currently 77.02%.

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.