UBS Group AG Acquires 44,233 Shares of DT Midstream, Inc. $DTM

UBS Group AG raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,575 shares of the company’s stock after purchasing an additional 44,233 shares during the quarter. UBS Group AG’s holdings in DT Midstream were worth $63,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Richardson Financial Services Inc. grew its stake in DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Pathstone Holdings LLC grew its stake in DT Midstream by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after purchasing an additional 97 shares during the period. Cresset Asset Management LLC grew its stake in DT Midstream by 1.7% in the 3rd quarter. Cresset Asset Management LLC now owns 6,408 shares of the company’s stock valued at $730,000 after purchasing an additional 108 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in DT Midstream by 6.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,997 shares of the company’s stock valued at $226,000 after purchasing an additional 119 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the period. Institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group increased their price target on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price target on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barclays increased their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.75.

DT Midstream Stock Down 0.2%

DTM stock opened at $147.11 on Tuesday. The stock has a fifty day moving average of $136.36 and a 200-day moving average of $125.07. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $150.45.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) 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 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 quarter in the prior year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 4.76 earnings per share for the current year.

DT Midstream Dividend Announcement

The business 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 dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. DT Midstream’s dividend payout ratio is 77.88%.

Insider Transactions at DT Midstream

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer owned 89,583 shares of the company’s stock, valued at approximately $12,212,850.39. This trade represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

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.