Fox Run Management L.L.C. Takes $945,000 Position in DT Midstream, Inc. $DTM

Fox Run Management L.L.C. acquired a new stake in DT Midstream, Inc. (NYSE:DTM) during the 4th quarter, Holdings Channel.com reports. The fund acquired 7,892 shares of the company’s stock, valued at approximately $945,000.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the 4th quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of DT Midstream in the 2nd quarter valued at $33,000. Assetmark Inc. boosted its holdings in shares of DT Midstream by 99.5% in the 3rd quarter. Assetmark Inc. now owns 399 shares of the company’s stock valued at $45,000 after acquiring an additional 199 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of DT Midstream by 48.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 416 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Stock Performance

Shares of NYSE DTM opened at $141.27 on Thursday. The company’s fifty day moving average price is $140.33 and its 200 day moving average price is $131.54. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The company has a market capitalization of $14.41 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72. 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 announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same period in the prior year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts predict that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend 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 is 77.88%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DTM shares. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a report on Monday, April 20th. Barclays upped their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. Scotiabank began coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target on the stock. Finally, Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $154.46.

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.