Catalyst Capital Advisors LLC Sells 57,602 Shares of DT Midstream, Inc. $DTM

Catalyst Capital Advisors LLC trimmed its holdings in DT Midstream, Inc. (NYSE:DTM) by 34.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 110,308 shares of the company’s stock after selling 57,602 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in DT Midstream were worth $13,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. NewEdge Wealth LLC raised its holdings in shares of DT Midstream by 2.4% in the fourth quarter. NewEdge Wealth LLC now owns 3,613 shares of the company’s stock valued at $432,000 after buying an additional 85 shares during the last quarter. Covestor Ltd raised its holdings in shares of DT Midstream by 11.2% in the fourth quarter. Covestor Ltd now owns 897 shares of the company’s stock valued at $107,000 after buying an additional 90 shares during the last quarter. Richardson Financial Services Inc. raised its holdings 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 last quarter. Pathstone Holdings LLC raised its holdings in shares of DT Midstream by 0.3% in the third quarter. Pathstone Holdings LLC now owns 28,322 shares of the company’s stock valued at $3,215,000 after buying an additional 97 shares during the last quarter. Finally, ELCO Management Co. LLC raised its holdings in shares of DT Midstream by 3.3% in the fourth quarter. ELCO Management Co. LLC now owns 3,150 shares of the company’s stock valued at $377,000 after buying an additional 100 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DTM. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research report on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted 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, Weiss Ratings lowered DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 20th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Price Performance

DT Midstream stock opened at $140.02 on Friday. The firm has a market capitalization of $14.28 billion, a P/E ratio of 30.98, a PEG ratio of 3.15 and a beta of 0.75. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The business has a 50-day moving average of $139.49 and a 200-day moving average of $129.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The company had revenue of $336.00 million during 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 period in the previous year, the company earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 4.7 EPS for the current year.

DT Midstream Dividend Announcement

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

About DT Midstream

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.