966,869 Shares in DT Midstream, Inc. $DTM Bought by Norges Bank

Norges Bank bought a new stake in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 966,869 shares of the company’s stock, valued at approximately $115,715,000. Norges Bank owned about 0.95% of DT Midstream at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream in the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. boosted its position in DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the period. Centerpoint Advisors LLC boosted its position in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after buying an additional 179 shares during the period. Westside Investment Management Inc. grew its holdings in DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in DT Midstream in the 2nd quarter valued at approximately $33,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTM has been the subject of several analyst reports. Barclays raised their price target on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a report on Monday, February 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a research report on Thursday, April 30th. The Goldman Sachs Group lifted their target price on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. Finally, Scotiabank started coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Price Performance

Shares of NYSE DTM opened at $142.78 on Friday. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The firm has a fifty day simple moving average of $139.88 and a 200 day simple moving average of $130.80. The company has a market capitalization of $14.57 billion, a PE ratio of 31.59, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the prior 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, sell-side analysts forecast that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. DT Midstream’s dividend 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.