SG Americas Securities LLC Grows Position in DT Midstream, Inc. $DTM

SG Americas Securities LLC grew its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 60.7% in the first quarter, HoldingsChannel.com reports. The firm owned 101,247 shares of the company’s stock after buying an additional 38,261 shares during the quarter. SG Americas Securities LLC’s holdings in DT Midstream were worth $13,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in shares of DT Midstream in the fourth quarter valued at about $1,371,000. Principal Financial Group Inc. raised its stake in shares of DT Midstream by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 513,541 shares of the company’s stock valued at $61,462,000 after acquiring an additional 13,212 shares during the last quarter. Eventide Asset Management LLC boosted its holdings in shares of DT Midstream by 115.4% during the fourth quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock worth $47,266,000 after purchasing an additional 211,471 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of DT Midstream by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company’s stock worth $98,538,000 after purchasing an additional 63,438 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of DT Midstream by 6.9% in the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after purchasing an additional 200,114 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.6%

Shares of NYSE DTM opened at $150.61 on Friday. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $142.79 and a 200 day moving average of $133.54. The stock has a market cap of $15.36 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 3.26 and a beta of 0.72.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping 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 company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts expect that DT Midstream, Inc. will post 4.75 EPS for the current fiscal 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 given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is currently 77.88%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Mizuho upped their price target on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank initiated coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective on the stock. Wells Fargo & Company boosted their target price on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. upped their target price on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group raised their price target on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.