Cohen & Steers Inc. Raises Position in DT Midstream, Inc. $DTM

Cohen & Steers Inc. increased its holdings in DT Midstream, Inc. (NYSE:DTM) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,103 shares of the company’s stock after buying an additional 6,193 shares during the period. Cohen & Steers Inc. owned 0.16% of DT Midstream worth $19,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DTM. 59 North Capital Management LP increased its stake in DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Norges Bank bought a new position in DT Midstream in the fourth quarter valued at $115,715,000. Merewether Investment Management LP grew its stake in shares of DT Midstream by 192.4% during the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after buying an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of DT Midstream during the third quarter valued at about $43,347,000. Finally, Holocene Advisors LP grew its stake in shares of DT Midstream by 117.7% during the third quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock valued at $62,642,000 after buying an additional 299,609 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Up 1.3%

NYSE DTM opened at $142.14 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $14.50 billion, a PE ratio of 31.45, a PEG ratio of 3.06 and a beta of 0.72. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The business’s 50-day moving average is $140.61 and its 200 day moving average is $131.78.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share 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 analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the previous year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DTM. JPMorgan Chase & Co. raised their price objective on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. The Goldman Sachs Group raised their price objective on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Wells Fargo & Company raised their target price on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings raised DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DT Midstream presently has a consensus rating of “Moderate Buy” and a consensus target price 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.