DT Midstream, Inc. (DTM) To Go Ex-Dividend on September 21st

DT Midstream, Inc. (NYSE:DTM) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, September 21st will be given a dividend of 0.88 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 21st.

DT Midstream has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DT Midstream to earn $4.87 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 72.3%.

DT Midstream Stock Performance

DT Midstream stock opened at $125.90 on Friday. The stock has a 50-day simple moving average of $134.43 and a 200 day simple moving average of $138.60. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 3.51 and a beta of 0.70. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream has a 12-month low of $104.99 and a 12-month high of $152.88.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same quarter in the previous year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts anticipate that DT Midstream will post 4.59 earnings per share for the current fiscal year.

Institutional Trading of DT Midstream

Several hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its position in DT Midstream by 3.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,376 shares of the company’s stock valued at $1,669,000 after acquiring an additional 422 shares in the last quarter. Tidal Investments LLC raised its position in DT Midstream by 6.9% in the 2nd quarter. Tidal Investments LLC now owns 61,582 shares of the company’s stock valued at $9,037,000 after buying an additional 3,972 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in DT Midstream by 4.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,602 shares of the company’s stock valued at $529,000 after acquiring an additional 166 shares in the last quarter. IFP Advisors Inc boosted its position in DT Midstream by 15.9% during the 2nd quarter. IFP Advisors Inc now owns 1,781 shares of the company’s stock worth $261,000 after acquiring an additional 244 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of DT Midstream by 117.5% during the 2nd quarter. Squarepoint Ops LLC now owns 40,041 shares of the company’s stock worth $5,876,000 after acquiring an additional 21,631 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company’s operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.