5,220 Shares in DT Midstream, Inc. $DTM Acquired by Hopwood Nicholas Hunter

Hopwood Nicholas Hunter bought a new stake in DT Midstream, Inc. (NYSE:DTM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,220 shares of the company’s stock, valued at approximately $766,000.

Other large investors also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream in the 4th quarter valued at $30,000. Western Wealth Management LLC acquired a new position in DT Midstream during the first quarter worth $32,000. WFA of San Diego LLC bought a new position in DT Midstream during the second quarter valued at about $33,000. Commonwealth Retirement Investments LLC bought a new position in DT Midstream during the fourth quarter valued at about $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of DT Midstream in the second quarter worth about $36,000. 81.53% of the stock is owned by institutional investors.

DT Midstream Stock Up 0.7%

DTM opened at $129.45 on Friday. DT Midstream, Inc. has a 1-year low of $102.43 and a 1-year high of $152.88. The business has a 50 day moving average of $137.98 and a 200-day moving average of $139.15. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 3.62 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68.

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

DT Midstream Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on DTM. JPMorgan Chase & Co. increased their price objective on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Mizuho lowered their price target on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. UBS Group lifted their price target on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Nine research 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, DT Midstream has a consensus rating of “Moderate Buy” and a consensus target price of $153.43.

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.