NEOS Investment Management LLC Acquires 70,650 Shares of DT Midstream, Inc. $DTM

NEOS Investment Management LLC increased its stake in DT Midstream, Inc. (NYSE:DTM) by 50.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 210,368 shares of the company’s stock after buying an additional 70,650 shares during the quarter. NEOS Investment Management LLC owned 0.21% of DT Midstream worth $30,869,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DTM. Royal Bank of Canada boosted its stake in DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after acquiring an additional 16,043 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of DT Midstream by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock worth $1,315,000 after purchasing an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DT Midstream by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock worth $26,652,000 after purchasing an additional 31,894 shares during the period. Geneos Wealth Management Inc. lifted its stake in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in DT Midstream by 2.6% in the second quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.7%

NYSE:DTM opened at $129.45 on Friday. DT Midstream, Inc. has a 1 year low of $102.43 and a 1 year high of $152.88. The stock’s fifty day moving average price is $137.98 and its two-hundred day moving average price is $139.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $13.21 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.62 and a beta of 0.70.

DT Midstream (NYSE:DTM) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $325.84 million. During the same quarter last year, the firm posted $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, analysts expect that DT Midstream, Inc. will post 4.55 EPS for the current year.

DT Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. DT Midstream’s dividend payout ratio is currently 77.02%.

Analyst Ratings Changes

DTM has been the subject of a number of recent research reports. Scotiabank began coverage on DT Midstream in a research report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 target price for the company. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, August 26th. Finally, Morgan Stanley upped their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.43.

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.