Odyssean LLC Acquires Shares of 15,717 DT Midstream, Inc. $DTM

Odyssean LLC bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,717 shares of the company’s stock, valued at approximately $448,000.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after buying an additional 200,114 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in DT Midstream by 10.6% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after buying an additional 285,770 shares during the period. Geode Capital Management LLC grew its stake in DT Midstream by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after buying an additional 106,533 shares in the last quarter. Invesco Ltd. grew its stake in DT Midstream by 4.7% in the 4th quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock valued at $125,156,000 after buying an additional 47,030 shares in the last quarter. Finally, Morgan Stanley raised its holdings in DT Midstream by 7.7% during the 4th quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock valued at $124,611,000 after acquiring an additional 74,355 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE DTM opened at $131.72 on Friday. The company’s 50 day simple moving average is $140.07 and its two-hundred day simple moving average is $139.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. DT Midstream, Inc. has a 1 year low of $100.73 and a 1 year high of $152.88. The stock has a market capitalization of $13.44 billion, a PE ratio of 28.82, a P/E/G ratio of 3.73 and a beta of 0.72.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The firm had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. During the same period in the previous year, the company posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts predict that DT Midstream, Inc. will post 4.55 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio is currently 77.02%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DTM. Raymond James Financial restated an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research report on Thursday, April 30th. Scotiabank started coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target for the company. Barclays boosted their price objective 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. Weiss Ratings cut DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, UBS Group raised their target price on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DT Midstream currently has a consensus rating of “Moderate Buy” and an average price target of $153.43.

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.