Spartan Wealth Advisory Services LLC Makes New Investment in DT Midstream, Inc. $DTM

Spartan Wealth Advisory Services LLC acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 1st quarter, HoldingsChannel reports. The fund acquired 10,065 shares of the company’s stock, valued at approximately $1,356,000.

Several other institutional investors have also modified their holdings of DTM. Norges Bank purchased a new stake in shares of DT Midstream during the fourth quarter worth about $115,715,000. Merewether Investment Management LP raised its position in shares of 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 purchasing an additional 658,400 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in DT Midstream by 414.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock valued at $44,030,000 after buying an additional 296,348 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake 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 valued at $356,759,000 after buying an additional 285,770 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in DT Midstream by 838.1% in the 3rd quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock worth $31,699,000 after buying an additional 250,483 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays boosted their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $158.00 price target on shares of DT Midstream in a research note on Thursday, April 30th. Mizuho boosted their price target on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank initiated coverage on DT Midstream in a research note on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned 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 has an average rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream Stock Down 0.2%

Shares of NYSE DTM opened at $144.82 on Monday. The stock has a market cap of $14.77 billion, a PE ratio of 32.04, a P/E/G ratio of 3.15 and a beta of 0.71. The company has a current ratio of 1.26, a quick 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 company has a 50-day moving average of $145.19 and a 200 day moving average of $136.41.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The business 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 period last year, the company posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts predict that DT Midstream, Inc. will post 4.77 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $0.88 per share. The ex-dividend date was 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%.

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.