DT Midstream, Inc. $DTM Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 315,200 shares of the company’s stock after selling 41,342 shares during the quarter. ProShare Advisors LLC’s holdings in DT Midstream were worth $37,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream during the fourth quarter worth about $28,000. Richardson Financial Services Inc. grew its position in shares of DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Centerpoint Advisors LLC grew its position in shares of DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after buying an additional 179 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of DT Midstream during the third quarter worth about $33,000. Finally, Westside Investment Management Inc. grew its position in shares of DT Midstream by 100.0% during the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after buying an additional 145 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DTM. Weiss Ratings raised DT Midstream from a “buy (b+)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group boosted 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. Morgan Stanley boosted 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. Finally, Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the stock a “hold” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DT Midstream has a consensus rating of “Moderate Buy” and a consensus price target of $152.67.

Insider Buying and Selling at DT Midstream

In other news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $136.33 per share, with a total value of $25,221.05. Following the completion of the acquisition, the chief financial officer owned 89,583 shares of the company’s stock, valued at $12,212,850.39. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

DT Midstream Price Performance

DTM stock opened at $150.30 on Wednesday. The company has a market capitalization of $15.33 billion, a P/E ratio of 33.25, a PEG ratio of 2.98 and a beta of 0.75. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $150.50. The business has a 50 day simple moving average of $137.88 and a 200-day simple moving average of $128.03. 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 quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate 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 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 anticipate that DT Midstream, Inc. will post 4.8 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is presently 77.88%.

DT Midstream Company 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.