Energy Income Partners LLC Raises Holdings in DT Midstream, Inc. $DTM

Energy Income Partners LLC lifted its position in shares of DT Midstream, Inc. (NYSE:DTM) by 1.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 429,858 shares of the company’s stock after acquiring an additional 4,189 shares during the quarter. Energy Income Partners LLC’s holdings in DT Midstream were worth $57,889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. boosted its position in 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 purchasing an additional 94 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in DT Midstream during the fourth quarter worth about $30,000. Commonwealth Retirement Investments LLC purchased a new position in shares of DT Midstream in the fourth quarter worth about $36,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of DT Midstream in the first quarter worth about $41,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DTM shares. Weiss Ratings upgraded shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday. Mizuho lifted their price objective on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group boosted their target price on shares of DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Citigroup increased their target price 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, Morgan Stanley raised their price target on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.69.

DT Midstream Price Performance

Shares of NYSE DTM opened at $140.49 on Tuesday. The stock’s 50-day simple moving average is $144.80 and its two-hundred day simple moving average is $137.41. DT Midstream, Inc. has a twelve month low of $98.63 and a twelve month high of $152.88. The firm has a market capitalization of $14.33 billion, a P/E ratio of 31.08, a P/E/G ratio of 3.16 and a beta of 0.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The firm had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the company posted $1.06 EPS. 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 4.77 EPS for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. DT Midstream’s payout ratio is currently 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.