MQS Management LLC Invests $581,000 in DT Midstream, Inc. $DTM

MQS Management LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,313 shares of the company’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream during the 4th quarter worth about $28,000. Richardson Financial Services Inc. lifted its holdings in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after buying an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of DT Midstream in the 4th quarter valued at approximately $30,000. WFA of San Diego LLC bought a new stake in shares of DT Midstream in the 2nd quarter valued at approximately $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in DT Midstream in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

DTM has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $166.00 price objective on shares of DT Midstream in a research report on Friday, May 1st. Morgan Stanley boosted their target price on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, UBS Group lifted their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. 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 issued a Sell rating to the stock. According to MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Trading Down 0.7%

Shares of DTM stock opened at $146.81 on Wednesday. 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. The business’s 50 day moving average is $143.36 and its two-hundred day moving average is $134.04. The company has a market cap of $14.98 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share 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 business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the previous year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts predict that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced 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 of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. 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.