Aventail Capital Group LP Has $10.55 Million Holdings in DT Midstream, Inc. $DTM

Aventail Capital Group LP lessened its holdings in DT Midstream, Inc. (NYSE:DTM) by 22.1% during the fourth quarter, HoldingsChannel reports. The fund owned 88,112 shares of the company’s stock after selling 24,974 shares during the quarter. Aventail Capital Group LP’s holdings in DT Midstream were worth $10,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DTM. 59 North Capital Management LP raised its holdings in shares of DT Midstream by 49.0% in the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Norges Bank acquired a new stake in shares of DT Midstream in the 4th quarter worth about $115,715,000. Merewether Investment Management LP raised its holdings in shares of DT Midstream by 192.4% in the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after acquiring an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of DT Midstream in the 3rd quarter worth about $43,347,000. Finally, Holocene Advisors LP raised its holdings in shares of DT Midstream by 117.7% in the 3rd quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock worth $62,642,000 after acquiring an additional 299,609 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Up 0.3%

DT Midstream stock opened at $140.86 on Thursday. The firm has a 50 day moving average price of $141.02 and a 200-day moving average price of $132.36. The company has a market capitalization of $14.37 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.06 and a beta of 0.72. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last released its quarterly earnings data 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 last year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts predict 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. Investors of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DTM. Barclays upped their target price on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup increased their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a $166.00 price objective on shares of DT Midstream in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Scotiabank assumed coverage on shares of DT Midstream in a research note on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. One research 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 given a Sell rating to the stock. Based on data from 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.