Y Intercept Hong Kong Ltd Purchases Shares of 6,493 DT Midstream, Inc. $DTM

Y Intercept Hong Kong Ltd purchased a new stake in DT Midstream, Inc. (NYSE:DTM) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,493 shares of the company’s stock, valued at approximately $874,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Wealth LLC lifted its position in DT Midstream by 2.4% during the fourth quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock valued at $432,000 after acquiring an additional 85 shares during the last quarter. Covestor Ltd grew its holdings in DT Midstream by 11.2% in the fourth quarter. Covestor Ltd now owns 897 shares of the company’s stock worth $107,000 after purchasing an additional 90 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in DT Midstream by 62.7% in the fourth 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 last quarter. VestGen Investment Management increased its position in shares of DT Midstream by 1.2% during the fourth quarter. VestGen Investment Management now owns 7,698 shares of the company’s stock worth $921,000 after purchasing an additional 94 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of DT Midstream by 0.3% during the third 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. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DTM. Citigroup raised their price objective on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley upped their target price on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Barclays increased their price target on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.23.

DT Midstream Stock Performance

DTM opened at $145.28 on Monday. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14.82 billion, a PE ratio of 32.14, a P/E/G ratio of 3.16 and a beta of 0.71. The firm has a 50 day moving average of $145.09 and a two-hundred day moving average of $135.51.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.11 by $0.16. The business 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 prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts anticipate that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. DT Midstream’s payout ratio is currently 77.88%.

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.