Inceptionr LLC Takes $533,000 Position in DT Midstream, Inc. $DTM

Inceptionr LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,958 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in shares of DT Midstream by 21.6% during the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after buying an additional 16,043 shares during the period. NewEdge Advisors LLC lifted its stake in DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock worth $1,315,000 after acquiring an additional 218 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after acquiring an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after acquiring an additional 123 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group boosted their price target on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Jefferies Financial Group upped their price objective on DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group increased their price objective on DT Midstream from $111.00 to $127.00 and gave the company 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 given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.69.

DT Midstream Trading Down 0.3%

NYSE DTM opened at $145.71 on Friday. The firm’s fifty day moving average price is $144.97 and its 200 day moving average price is $137.13. DT Midstream, Inc. has a 12 month low of $98.63 and a 12 month 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 company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts expect that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s payout ratio is presently 77.88%.

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.