Clearbridge Investments LLC Buys 78,805 Shares of DT Midstream, Inc. $DTM

Clearbridge Investments LLC increased its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 51.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 233,398 shares of the company’s stock after purchasing an additional 78,805 shares during the quarter. Clearbridge Investments LLC’s holdings in DT Midstream were worth $27,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 59 North Capital Management LP grew its position in DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after acquiring an additional 99,602 shares during the last quarter. Geode Capital Management LLC grew its position in DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after acquiring an additional 106,533 shares during the last quarter. Merewether Investment Management LP grew its position in DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after acquiring an additional 658,400 shares during the last quarter. Finally, Norges Bank bought a new position in DT Midstream during the 4th quarter worth approximately $115,715,000. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Price Performance

Shares of DTM stock opened at $140.74 on Wednesday. The firm has a market cap of $14.36 billion, a P/E ratio of 31.14, a P/E/G ratio of 3.08 and a beta of 0.72. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The business’s 50 day moving average price is $140.20 and its 200-day moving average price is $131.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, April 30th. The company reported $1.27 EPS 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 company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.5%. DT Midstream’s payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several research firms recently issued reports on DTM. Scotiabank began coverage on DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research report on Thursday, April 30th. UBS Group lifted their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, June 4th. Finally, Barclays lifted their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.46.

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.