Goldman Sachs Group Inc. Cuts Stock Position in DT Midstream, Inc. $DTM

Goldman Sachs Group Inc. lessened its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,576,756 shares of the company’s stock after selling 301,097 shares during the quarter. Goldman Sachs Group Inc.’s holdings in DT Midstream were worth $308,386,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. 59 North Capital Management LP raised its stake in shares of DT Midstream by 49.0% during the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after purchasing an additional 1,010,965 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DT Midstream by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after purchasing an additional 99,602 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of DT Midstream by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after purchasing an additional 106,533 shares during the last quarter. Merewether Investment Management LP raised its stake in shares of DT Midstream by 192.4% during the third 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. Finally, Norges Bank purchased a new stake in shares of DT Midstream during the fourth quarter worth approximately $115,715,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Down 0.3%

DT Midstream stock opened at $142.31 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The stock’s fifty day moving average is $140.00 and its two-hundred day moving average is $130.88.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the prior year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts predict that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

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

Analyst Upgrades and Downgrades

DTM has been the subject of several analyst reports. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the stock a “hold” rating in a research report on Monday, February 23rd. Wells Fargo & Company increased their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Barclays increased their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream presently has a consensus rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Company 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.