DT Midstream, Inc. $DTM Holdings Trimmed by Verition Fund Management LLC

by · The Cerbat Gem

Verition Fund Management LLC reduced its position in shares of DT Midstream, Inc. (NYSE:DTM – Free Report) by 15.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 198,434 shares of the company’s stock after selling 37,367 shares during the quarter. Verition Fund Management LLC’s holdings in DT Midstream were worth $23,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. 59 North Capital Management LP lifted its holdings in DT Midstream by 49.0% in the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock valued at $347,556,000 after acquiring an additional 1,010,965 shares during the last quarter. Norges Bank bought a new stake in shares of DT Midstream in the 4th quarter worth approximately $115,715,000. Merewether Investment Management LP lifted its stake in DT Midstream by 192.4% during the third quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after purchasing an additional 658,400 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in DT Midstream during the third quarter valued at approximately $43,347,000. Finally, Holocene Advisors LP boosted its holdings in DT Midstream by 117.7% during the third quarter. Holocene Advisors LP now owns 554,059 shares of the company’s stock worth $62,642,000 after buying an additional 299,609 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, June 4th. Raymond James Financial reissued an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. The Goldman Sachs Group upped their target price on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a report on Monday, April 20th. Finally, Morgan Stanley increased their price target on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DT Midstream has an average rating of “Moderate Buy” and an average target price of $154.46.

Read Our Latest Analysis on DT Midstream

DT Midstream Price Performance

Shares of NYSE:DTM opened at $142.14 on Monday. The company’s fifty day moving average is $140.61 and its two-hundred day moving average is $131.89. The company has a market cap of $14.50 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 3.10 and a beta of 0.72. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88. 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 – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter last year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts expect that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. DT Midstream’s dividend payout ratio (DPR) is presently 77.88%.

DT Midstream Company Profile

(Free Report)

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.

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