DT Midstream, Inc. $DTM Stock: Miller Howard Investments Inc. NY Raises Holdings

Miller Howard Investments Inc. NY boosted its position in DT Midstream, Inc. (NYSE:DTM) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,383 shares of the company’s stock after buying an additional 14,259 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.22% of DT Midstream worth $26,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of DT Midstream by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 319,956 shares of the company’s stock worth $38,225,000 after purchasing an additional 1,884 shares during the period. Signaturefd LLC grew its position in DT Midstream by 5.8% in the 3rd quarter. Signaturefd LLC now owns 2,719 shares of the company’s stock valued at $325,000 after purchasing an additional 149 shares during the period. Citizens Financial Group Inc. RI grew its position in DT Midstream by 7.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,954 shares of the company’s stock valued at $353,000 after purchasing an additional 203 shares during the period. Inspire Investing LLC increased its stake in DT Midstream by 89.8% during the 3rd quarter. Inspire Investing LLC now owns 9,288 shares of the company’s stock valued at $1,110,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in DT Midstream during the 3rd quarter valued at $45,000. Institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $150.00 price objective on shares of DT Midstream in a report on Thursday, October 15th. Barclays reduced their price objective on shares of DT Midstream from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Bank of America reissued a “buy” rating on shares of DT Midstream in a research report on Monday. Weiss Ratings downgraded shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Mizuho lowered their target price 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. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.36.

DT Midstream Stock Up 2.5%

DTM opened at $126.98 on Tuesday. DT Midstream, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $152.88. The firm has a market capitalization of $12.95 billion, a P/E ratio of 27.79, a PEG ratio of 3.47 and a beta of 0.72. The company’s 50-day moving average is $126.23 and its 200 day moving average is $134.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The firm 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 in the previous year, the company posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts expect that DT Midstream, Inc. will post 4.57 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, September 21st were issued a $0.88 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.8%. DT Midstream’s dividend payout ratio is currently 77.02%.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.