DT Midstream, Inc. $DTM Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in shares of DT Midstream, Inc. (NYSE:DTM) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,616 shares of the company’s stock after purchasing an additional 20,077 shares during the period. Miller Howard Investments Inc. NY’s holdings in DT Midstream were worth $32,134,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in DT Midstream in the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. raised its stake in shares of DT Midstream by 62.7% during the 4th 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. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of DT Midstream during the 4th quarter worth approximately $30,000. Commonwealth Retirement Investments LLC purchased a new position in shares of DT Midstream during the 4th quarter worth approximately $36,000. Finally, WFA of San Diego LLC acquired a new stake in shares of DT Midstream in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DTM. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their target price on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Mizuho boosted their target price on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wells Fargo & Company upped their price target on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $147.39 on Wednesday. The business’s 50 day simple moving average is $141.80 and its 200-day simple moving average is $133.05. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 3.16 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last released 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 firm 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 last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities analysts forecast that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.4%. DT Midstream’s dividend payout ratio is 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.