258,595 Shares in DT Midstream, Inc. $DTM Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 258,595 shares of the company’s stock, valued at approximately $29,237,000.

A number of other institutional investors also recently modified their holdings of the stock. 59 North Capital Management LP bought a new stake in shares of DT Midstream during the second quarter valued at approximately $226,757,000. Norges Bank bought a new position in DT Midstream in the 2nd quarter valued at $143,743,000. Jane Street Group LLC boosted its position in DT Midstream by 1,699.5% in the 1st quarter. Jane Street Group LLC now owns 401,170 shares of the company’s stock valued at $38,705,000 after buying an additional 378,877 shares during the last quarter. Merewether Investment Management LP increased its stake in shares of DT Midstream by 810.1% in the 2nd quarter. Merewether Investment Management LP now owns 342,200 shares of the company’s stock valued at $37,611,000 after buying an additional 304,600 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of DT Midstream by 59.9% during the first quarter. AQR Capital Management LLC now owns 804,745 shares of the company’s stock worth $77,247,000 after acquiring an additional 301,355 shares during the last quarter. 81.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DTM shares. Barclays raised their price target on DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Bank of America boosted their price target on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group initiated coverage on shares of DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and a consensus price target of $123.25.

DT Midstream Stock Up 0.4%

DT Midstream stock opened at $120.92 on Tuesday. The company’s 50 day simple moving average is $115.75 and its 200 day simple moving average is $109.40. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $122.70. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.32 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, October 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The firm had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same quarter in the prior year, the firm earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, December 15th. This represents a $3.28 annualized dividend and a yield of 2.7%. DT Midstream’s payout ratio is currently 82.83%.

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.