158,517 Shares in DT Midstream, Inc. $DTM Bought by Flat Footed LLC

Flat Footed LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 158,517 shares of the company’s stock, valued at approximately $4,514,564,000. DT Midstream makes up about 0.3% of Flat Footed LLC’s investment portfolio, making the stock its 14th largest holding. Flat Footed LLC owned approximately 0.16% of DT Midstream at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of DT Midstream in the second quarter worth about $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in DT Midstream during the 4th quarter worth approximately $30,000. Western Wealth Management LLC purchased a new position in DT Midstream in the 1st quarter worth approximately $32,000. WFA of San Diego LLC purchased a new position in DT Midstream in the 2nd quarter worth approximately $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in DT Midstream in the fourth quarter valued at approximately $36,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DTM has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group set a $155.00 price target on shares of DT Midstream in a research note on Friday, July 31st. Weiss Ratings lowered shares of DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective 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. Finally, Barclays lifted their target price on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.08.

DT Midstream Trading Up 0.7%

DTM opened at $126.68 on Wednesday. The stock has a market capitalization of $12.92 billion, a PE ratio of 27.72, a P/E/G ratio of 3.54 and a beta of 0.72. 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 $100.48 and a 12-month high of $152.88. The firm’s fifty day moving average price is $140.48 and its 200 day moving average price is $139.22.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same quarter last year, the company posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts expect that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.8%. DT Midstream’s dividend payout ratio is presently 77.02%.

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.