Jefferies Financial Group Inc. Takes $558,000 Position in DT Midstream, Inc. $DTM

Jefferies Financial Group Inc. purchased a new stake in DT Midstream, Inc. (NYSE:DTM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,665 shares of the company’s stock, valued at approximately $558,000.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in DT Midstream in the fourth quarter worth $28,000. Richardson Financial Services Inc. raised its holdings in DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Centerpoint Advisors LLC raised its holdings in DT Midstream by 198.9% in the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after purchasing an additional 179 shares during the period. Westside Investment Management Inc. raised its holdings in DT Midstream by 100.0% in the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in DT Midstream in the second quarter worth $33,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on DTM. Stifel Nicolaus set a $137.00 target price on DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. lifted their target price on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Raymond James Financial reiterated an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. Citigroup boosted their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Scotiabank assumed coverage on DT Midstream in a research report on Tuesday. They issued an “outperform” rating and a $176.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

DT Midstream Stock Down 2.2%

Shares of DTM stock opened at $140.02 on Friday. The firm has a fifty day moving average of $139.49 and a 200-day moving average of $129.95. 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, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 3.08 and a beta of 0.75.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The firm had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 4.7 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. DT Midstream’s dividend payout ratio (DPR) 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.