Tidal Investments LLC Purchases 3,972 Shares of DT Midstream, Inc. $DTM

Tidal Investments LLC raised its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,582 shares of the company’s stock after purchasing an additional 3,972 shares during the quarter. Tidal Investments LLC owned approximately 0.06% of DT Midstream worth $9,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after purchasing an additional 16,043 shares during the period. NewEdge Advisors LLC raised its position in DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock worth $1,315,000 after purchasing an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of DT Midstream by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after buying an additional 31,894 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Cresset Asset Management LLC grew its holdings in shares of DT Midstream by 2.6% in the second quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock worth $698,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

Analysts Set New Price Targets

DTM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Mizuho cut their price target on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Morgan Stanley upgraded shares of DT Midstream from an “equal weight” rating to an “overweight” rating and set a $170.00 price objective on the stock in a research report on Wednesday. Wolfe Research raised shares of DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, August 26th. Finally, Scotiabank dropped their target price on shares of DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating for the company in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.86.

DT Midstream Price Performance

Shares of NYSE DTM opened at $129.05 on Friday. The company has a 50 day simple moving average of $136.42 and a two-hundred day simple moving average of $139.02. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 3.58 and a beta of 0.70. DT Midstream, Inc. has a fifty-two week low of $104.25 and a fifty-two week high of $152.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.During the same period last year, the firm posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts expect that DT Midstream, Inc. will post 4.59 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s payout ratio is presently 77.02%.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company’s operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.