New Age Alpha Advisors LLC Cuts Holdings in DT Midstream, Inc. $DTM

New Age Alpha Advisors LLC decreased its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,822 shares of the company’s stock after selling 4,695 shares during the quarter. New Age Alpha Advisors LLC’s holdings in DT Midstream were worth $2,372,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. increased its holdings in 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 purchasing an additional 94 shares during the period. Centerpoint Advisors LLC increased its holdings in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the period. Root Financial Partners LLC purchased a new stake in DT Midstream during the 3rd quarter worth about $33,000. Finally, Westside Investment Management Inc. increased its holdings in DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DTM. Jefferies Financial Group restated a “buy” rating and set a $166.00 price target on shares of DT Midstream in a report on Friday, May 1st. Scotiabank assumed coverage on DT Midstream in a research report on Tuesday. They set an “outperform” rating and a $176.00 price objective for the company. 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. Citigroup upped their price objective on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings cut DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Trading Down 0.7%

NYSE:DTM opened at $150.08 on Wednesday. The stock has a 50-day simple moving average of $139.06 and a 200-day simple moving average of $129.43. The stock has a market cap of $15.31 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.02 and a beta of 0.75. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations 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 firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts anticipate that DT Midstream, Inc. will post 4.8 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. Investors of record on Monday, June 15th will be given a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.3%. 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.