DT Midstream, Inc. $DTM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in DT Midstream, Inc. (NYSE:DTM) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,333 shares of the company’s stock after selling 6,759 shares during the period. Commonwealth Equity Services LLC’s holdings in DT Midstream were worth $4,468,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in DT Midstream in the 4th quarter valued at $28,000. Richardson Financial Services Inc. raised its holdings 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 acquiring an additional 94 shares during the last quarter. Centerpoint Advisors LLC raised its holdings in DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares during the last quarter. WFA of San Diego LLC acquired a new position in DT Midstream in the 2nd quarter valued at $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in DT Midstream in the 4th quarter valued at $36,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Down 0.1%

Shares of DT Midstream stock opened at $142.31 on Monday. The company has a fifty day moving average price of $140.00 and a 200 day moving average price of $130.99. 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 twelve month low of $98.06 and a twelve month high of $152.88. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the prior year, the company earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts forecast that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is 77.88%.

Analyst Ratings Changes

Several research analysts have weighed in on DTM shares. Morgan Stanley boosted their price target on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. Scotiabank started coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.46.

DT Midstream 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.