7,000 Shares in DT Midstream, Inc. $DTM Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,000 shares of the company’s stock, valued at approximately $839,000.

Several other institutional investors also recently bought and sold shares of DTM. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth $28,000. Richardson Financial Services Inc. grew 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 buying an additional 94 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream during the fourth quarter valued at $30,000. Commonwealth Retirement Investments LLC purchased a new position in shares of DT Midstream during the fourth quarter valued at $36,000. Finally, WFA of San Diego LLC bought a new stake in shares of DT Midstream in the second quarter valued at about $33,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Price Performance

NYSE DTM opened at $148.46 on Wednesday. The firm’s fifty day simple moving average is $145.09 and its two-hundred day simple moving average is $135.88. The firm has a market capitalization of $15.14 billion, a P/E ratio of 32.85, a P/E/G ratio of 3.18 and a beta of 0.71. The company has a current ratio of 1.26, a quick 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 issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the prior year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts forecast 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. Investors of record on Monday, June 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is currently 77.88%.

Analyst Ratings Changes

A number of analysts recently weighed in on DTM shares. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Mizuho raised their target price on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $164.00 price target on shares of DT Midstream in a research report on Wednesday, July 8th. Finally, Morgan Stanley increased their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.23.

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.