BROOKFIELD Corp ON Sells 5,001 Shares of DT Midstream, Inc. $DTM

BROOKFIELD Corp ON reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,281 shares of the company’s stock after selling 5,001 shares during the quarter. BROOKFIELD Corp ON’s holdings in DT Midstream were worth $68,046,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. lifted its stake in shares of DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of DT Midstream in the fourth quarter valued at about $30,000. Commonwealth Retirement Investments LLC bought a new stake in shares of DT Midstream in the fourth quarter valued at about $36,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in DT Midstream during the first quarter worth about $41,000. 81.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DTM. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. raised their price objective on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Raymond James Financial reissued an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a report on Thursday, April 30th. The Goldman Sachs Group boosted their price objective on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group upped their target price on DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream Price Performance

DT Midstream stock opened at $145.71 on Monday. 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 PE ratio of 32.24, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. DT Midstream, Inc. has a one year low of $98.63 and a one year high of $152.88. The business has a 50 day simple moving average of $144.97 and a 200 day simple moving average of $137.25.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the previous 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 forecast that DT Midstream, Inc. will post 4.77 EPS 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 paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, June 15th. DT Midstream’s payout ratio is currently 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.