Aventail Capital Group LP Sells 24,974 Shares of DT Midstream, Inc. $DTM

Aventail Capital Group LP lowered its position in shares of DT Midstream, Inc. (NYSE:DTM) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,112 shares of the company’s stock after selling 24,974 shares during the quarter. Aventail Capital Group LP owned about 0.09% of DT Midstream worth $10,545,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Freestone Grove Partners LP boosted its position in DT Midstream by 115.8% during the fourth quarter. Freestone Grove Partners LP now owns 244,914 shares of the company’s stock valued at $29,311,000 after acquiring an additional 131,411 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after acquiring an additional 285,770 shares during the last quarter. Cetera Investment Advisers boosted its position in DT Midstream by 24.3% during the fourth quarter. Cetera Investment Advisers now owns 64,882 shares of the company’s stock valued at $7,765,000 after acquiring an additional 12,696 shares during the last quarter. Jain Global LLC bought a new stake in DT Midstream during the fourth quarter valued at $26,096,000. Finally, Equitable Holdings Inc. boosted its position in DT Midstream by 41.4% during the fourth quarter. Equitable Holdings Inc. now owns 2,966 shares of the company’s stock valued at $355,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of NYSE DTM opened at $140.86 on Thursday. The firm’s 50-day moving average price is $141.02 and its 200-day moving average price is $132.36. DT Midstream, Inc. has a 1-year low of $98.06 and a 1-year high of $152.88. The firm has a market capitalization of $14.37 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.06 and a beta of 0.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $313.65 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. DT Midstream’s dividend payout ratio is currently 77.88%.

Analyst Ratings Changes

DTM has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. 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. Scotiabank assumed coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock. Citigroup upped their price objective on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $166.00 price objective on shares of DT Midstream in a report on Friday, May 1st. 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’s stock. Based on data from MarketBeat, DT Midstream presently has an average rating of “Moderate Buy” and an average target price of $154.46.

About DT Midstream

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.