PNC Financial Services Group Inc. Acquires 4,812 Shares of DT Midstream, Inc. $DTM

PNC Financial Services Group Inc. raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 48.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,846 shares of the company’s stock after buying an additional 4,812 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DT Midstream were worth $1,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTM. Royal Bank of Canada increased its holdings in DT Midstream by 21.6% in the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after buying an additional 16,043 shares during the period. NewEdge Advisors LLC increased its holdings in DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after buying an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DT Midstream by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after buying an additional 31,894 shares during the period. Geneos Wealth Management Inc. increased its holdings in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after buying an additional 123 shares during the period. Finally, Cresset Asset Management LLC increased its holdings in DT Midstream by 2.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after buying an additional 157 shares during the period. Institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DTM shares. Scotiabank started coverage on shares of DT Midstream in a report on Tuesday. They issued an “outperform” rating and a $176.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. Weiss Ratings lowered shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, May 20th. Morgan Stanley upped their target price on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DT Midstream has an average rating of “Moderate Buy” and a consensus price target of $154.46.

DT Midstream Stock Down 2.8%

Shares of NYSE:DTM opened at $145.40 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88. The firm has a market cap of $14.83 billion, a P/E ratio of 32.17, a P/E/G ratio of 3.05 and a beta of 0.75. The company’s 50-day moving average price is $139.23 and its two-hundred day moving average price is $129.67.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter last year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts forecast that DT Midstream, Inc. will post 4.7 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

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.