DT Midstream, Inc. $DTM Stock Holdings Lessened by Verition Fund Management LLC

Verition Fund Management LLC cut its holdings in DT Midstream, Inc. (NYSE:DTM) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 198,434 shares of the company’s stock after selling 37,367 shares during the period. Verition Fund Management LLC owned about 0.20% of DT Midstream worth $23,749,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DTM. V Square Quantitative Management LLC bought a new position in DT Midstream in the fourth quarter worth about $28,000. Richardson Financial Services Inc. boosted its stake in DT Midstream by 62.7% in the fourth 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 period. WFA of San Diego LLC bought a new position in shares of DT Midstream during the second quarter valued at approximately $33,000. Commonwealth Retirement Investments LLC bought a new position in shares of DT Midstream during the fourth quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. raised its position in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares during the period. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM opened at $142.14 on Monday. The firm has a market capitalization of $14.50 billion, a PE ratio of 31.45, a P/E/G ratio of 3.10 and a beta of 0.72. 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 firm has a 50-day moving average price of $140.61 and a 200 day moving average price of $131.89. DT Midstream, Inc. has a 52-week low of $98.06 and a 52-week high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million for 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 in the previous year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.5%. DT Midstream’s payout ratio is presently 77.88%.

Analyst Ratings Changes

A number of research analysts recently issued reports on DTM shares. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings raised DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, June 4th. Citigroup raised their target price on 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 reissued a “buy” rating and set a $166.00 price target on shares of DT Midstream in a report on Friday, May 1st. Finally, Mizuho upped their price target on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. 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 given a Sell rating to the stock. According to MarketBeat.com, DT Midstream currently has a consensus 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.