Reaves W H & Co. Inc. Acquires 65,327 Shares of DT Midstream, Inc. $DTM

Reaves W H & Co. Inc. raised its position in shares of DT Midstream, Inc. (NYSE:DTM) by 9.4% during the fourth quarter, HoldingsChannel reports. The fund owned 762,753 shares of the company’s stock after acquiring an additional 65,327 shares during the quarter. DT Midstream accounts for approximately 1.6% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 22nd largest holding. Reaves W H & Co. Inc.’s holdings in DT Midstream were worth $91,286,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in DT Midstream during the fourth quarter valued at $28,000. Richardson Financial Services Inc. increased its position in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Centerpoint Advisors LLC increased its position in DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after acquiring an additional 179 shares during the last quarter. Westside Investment Management Inc. increased its position in DT Midstream by 100.0% during the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in DT Midstream during the second quarter valued at $33,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.0%

NYSE DTM opened at $140.02 on Monday. The company’s 50-day moving average price is $139.49 and its 200-day moving average price is $130.05. 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 stock has a market cap of $14.28 billion, a PE ratio of 30.98, a PEG ratio of 3.08 and a beta of 0.72. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts forecast that DT Midstream, Inc. will post 4.7 earnings per share for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. DT Midstream’s dividend payout ratio is presently 77.88%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $137.00 price objective on shares of DT Midstream and gave the company a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $166.00 price objective on shares of DT Midstream in a research report on Friday, May 1st. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

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.