Catalyst Capital Advisors LLC Lowers Stock Holdings in DT Midstream, Inc. $DTM

Catalyst Capital Advisors LLC decreased its holdings in DT Midstream, Inc. (NYSE:DTM) by 10.1% in the 1st quarter, HoldingsChannel reports. The firm owned 99,205 shares of the company’s stock after selling 11,103 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in DT Midstream were worth $13,360,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DTM. Royal Bank of Canada grew its stake in shares of DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after acquiring an additional 16,043 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in DT Midstream by 1.6% in the first quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $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 position in 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 valued at $26,652,000 after purchasing an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 123 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings 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 acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DTM shares. Weiss Ratings downgraded shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Barclays boosted their target price on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group increased their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley upped their price objective on DT Midstream from $165.00 to $170.00 and gave the stock 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 given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.69.

DT Midstream Trading Down 1.3%

DTM opened at $144.82 on Friday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 3.19 and a beta of 0.71. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. The business’s 50 day moving average is $145.19 and its two-hundred day moving average is $136.30. 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) last announced its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $313.65 million. During the same period in the previous year, the company posted $1.06 EPS. 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 4.77 EPS for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

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.