Blue Water Asset Management Invests $408,000 in DT Midstream, Inc. $DTM

Blue Water Asset Management acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,406 shares of the company’s stock, valued at approximately $408,000.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in DT Midstream during the fourth quarter valued at $28,000. Richardson Financial Services Inc. boosted its stake in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the period. Centerpoint Advisors LLC boosted its stake in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after buying an additional 179 shares during the period. First Horizon Corp bought a new stake in DT Midstream during the third quarter valued at $32,000. Finally, Root Financial Partners LLC bought a new stake in DT Midstream during the third quarter valued at $33,000. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

DTM has been the subject of several research analyst reports. Citigroup lifted their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group lifted 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. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial reissued an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Wells Fargo & Company raised their price target on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.67.

DT Midstream Trading Down 0.1%

NYSE DTM opened at $147.91 on Friday. The stock’s 50-day simple moving average is $137.57 and its two-hundred day simple moving average is $127.28. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $150.45. 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 company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.96 and a beta of 0.75.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts forecast that DT Midstream, Inc. will post 4.8 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared 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. 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 dividend payout ratio (DPR) is presently 77.88%.

Insiders Place Their Bets

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the acquisition, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by insiders.

DT Midstream Company 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.