Fifth Third Bancorp Has $5.16 Million Stake in DT Midstream, Inc. $DTM

Fifth Third Bancorp increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 1,992.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,293 shares of the company’s stock after acquiring an additional 36,463 shares during the quarter. Fifth Third Bancorp’s holdings in DT Midstream were worth $5,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DTM. Candriam S.C.A. bought a new position in shares of DT Midstream during the first quarter worth approximately $215,000. Kestra Advisory Services LLC lifted its stake in DT Midstream by 5.7% during the first quarter. Kestra Advisory Services LLC now owns 8,127 shares of the company’s stock worth $1,094,000 after purchasing an additional 439 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of DT Midstream during the 1st quarter worth $276,000. Oregon Public Employees Retirement Fund lifted its position in shares of DT Midstream by 3.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,915 shares of the company’s stock worth $2,817,000 after buying an additional 600 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in DT Midstream in the first quarter valued at about $75,000. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DTM shares. Jefferies Financial Group boosted their target price on DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho increased their price objective on shares of DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group boosted their target price on shares of DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. Barclays increased their price target on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley upped their target price on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. One investment 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 company’s stock. Based on data from MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $144.82 on Friday. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.19 and a beta of 0.71. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The company’s fifty day moving average is $145.19 and its 200 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, topping the consensus estimate of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the previous year, the business earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 4.77 EPS for the current year.

DT Midstream Dividend Announcement

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