Dorsey Wright & Associates Has $13.84 Million Stock Holdings in DT Midstream, Inc. $DTM

Dorsey Wright & Associates increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 63.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,768 shares of the company’s stock after purchasing an additional 39,958 shares during the quarter. DT Midstream accounts for 1.7% of Dorsey Wright & Associates’ holdings, making the stock its 16th biggest position. Dorsey Wright & Associates’ holdings in DT Midstream were worth $13,840,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Wealth LLC increased its position in shares of DT Midstream by 2.4% during the fourth quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock worth $432,000 after acquiring an additional 85 shares in the last quarter. Covestor Ltd lifted its position in DT Midstream by 11.2% in the 4th quarter. Covestor Ltd now owns 897 shares of the company’s stock valued at $107,000 after acquiring an additional 90 shares in the last quarter. Richardson Financial Services Inc. boosted 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 worth $29,000 after purchasing an additional 94 shares during the period. VestGen Investment Management boosted its stake in DT Midstream by 1.2% in the 4th quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after purchasing an additional 94 shares during the period. Finally, Pathstone Holdings LLC increased its holdings in DT Midstream by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock worth $3,215,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DTM. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup upped their price target on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a report on Monday, April 20th. Finally, Jefferies Financial Group boosted their price objective on shares of DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.69.

DT Midstream Price Performance

Shares of NYSE DTM opened at $144.82 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $145.19 and its two-hundred day moving average price is $136.30. The company has a market cap of $14.77 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.19 and a beta of 0.71. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88.

DT Midstream (NYSE:DTM) last posted its earnings results 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 company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter last year, the company posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts predict that DT Midstream, Inc. will post 4.77 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was 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 currently 77.88%.

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.