DT Midstream, Inc. $DTM Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of DT Midstream, Inc. (NYSE:DTM) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,090,365 shares of the company’s stock after purchasing an additional 200,114 shares during the period. Deutsche Bank AG’s holdings in DT Midstream were worth $369,855,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. 59 North Capital Management LP lifted its stake in DT Midstream by 49.0% during the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after purchasing an additional 1,010,965 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in DT Midstream by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after purchasing an additional 99,602 shares in the last quarter. Geode Capital Management LLC lifted its stake in DT Midstream by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after purchasing an additional 106,533 shares in the last quarter. Merewether Investment Management LP lifted its stake in DT Midstream by 192.4% during the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after purchasing an additional 658,400 shares in the last quarter. Finally, Norges Bank acquired a new position in DT Midstream during the fourth quarter worth $115,715,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on DTM shares. Jefferies Financial Group restated a “buy” rating and set a $166.00 price target on shares of DT Midstream in a research note on Friday, May 1st. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group upped 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. UBS Group upped their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Morgan Stanley upped their price objective on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Stock Up 0.5%

DT Midstream stock opened at $141.27 on Thursday. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The stock’s fifty day simple moving average is $140.33 and its 200-day simple moving average is $131.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14.41 billion, a P/E ratio of 31.25, a P/E/G ratio of 3.06 and a beta of 0.72.

DT Midstream (NYSE:DTM) last posted 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 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 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, equities analysts expect that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is 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.