Squarepoint Ops LLC Boosts Stock Holdings in DT Midstream, Inc. $DTM

Squarepoint Ops LLC lifted its stake in DT Midstream, Inc. (NYSE:DTM) by 117.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,041 shares of the company’s stock after purchasing an additional 21,631 shares during the period. Squarepoint Ops LLC’s holdings in DT Midstream were worth $5,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in DT Midstream by 13,950.9% during the second quarter. California State Teachers Retirement System now owns 16,938,492 shares of the company’s stock worth $2,485,554,000 after purchasing an additional 16,817,941 shares in the last quarter. Deutsche Bank AG lifted its position in DT Midstream by 6.9% in the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after acquiring an additional 200,114 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in DT Midstream by 10.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after acquiring an additional 285,770 shares during the last quarter. Geode Capital Management LLC boosted its stake in DT Midstream by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after acquiring an additional 106,533 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of DT Midstream by 4.7% during the fourth quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after purchasing an additional 47,030 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

DT Midstream stock opened at $129.05 on Friday. The stock has a market capitalization of $13.17 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. DT Midstream, Inc. has a 12-month low of $104.25 and a 12-month high of $152.88. The firm’s 50-day moving average is $136.42 and its two-hundred day moving average is $139.02.

DT Midstream (NYSE:DTM) last released its earnings results 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 business had revenue of $332.57 million for the quarter, compared to analysts’ expectations of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.During the same quarter last year, the company posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts predict that DT Midstream, Inc. will post 4.61 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analyst Weigh In

DTM has been the subject of several research analyst reports. Mizuho decreased their price objective on DT Midstream from $153.00 to $147.00 and set a “neutral” rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, August 26th. Weiss Ratings downgraded DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Scotiabank decreased their price objective on DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating for the company in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and a consensus target price of $152.86.

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.