Copeland Capital Management LLC Sells 6,218 Shares of DT Midstream, Inc. $DTM

Copeland Capital Management LLC trimmed its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 2.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 239,039 shares of the company’s stock after selling 6,218 shares during the period. Copeland Capital Management LLC’s holdings in DT Midstream were worth $32,191,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DTM. Norges Bank purchased a new stake in DT Midstream in the fourth quarter valued at approximately $115,715,000. Merewether Investment Management LP grew its stake in DT Midstream by 192.4% in the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after buying an additional 658,400 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of DT Midstream by 414.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock worth $44,030,000 after buying an additional 296,348 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its position in shares of DT Midstream by 10.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after buying an additional 285,770 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of DT Midstream by 838.1% during the 3rd quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock valued at $31,699,000 after buying an additional 250,483 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DTM has been the subject of several research reports. Mizuho upped their target price on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research report on Thursday, April 30th. Weiss Ratings cut shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Barclays lifted their price target on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group upped their price objective on shares of DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream has a consensus rating of “Moderate Buy” and an average target price of $155.69.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $144.82 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14.77 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.19 and a beta of 0.71. The business has a fifty day simple moving average of $145.19 and a two-hundred day simple moving average of $136.30. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $313.65 million. During the same period last year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts forecast that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $0.88 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. DT Midstream’s payout ratio is presently 77.88%.

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.