DT Midstream, Inc. $DTM Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 10.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,576,756 shares of the company’s stock after selling 301,097 shares during the quarter. Goldman Sachs Group Inc. owned about 2.53% of DT Midstream worth $308,386,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. boosted its stake in shares of DT Midstream by 62.7% in 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 period. Centerpoint Advisors LLC boosted its stake in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after buying an additional 179 shares during the period. Westside Investment Management Inc. boosted its stake in shares of DT Midstream by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after buying an additional 145 shares during the period. Finally, WFA of San Diego LLC purchased a new position in shares of DT Midstream in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of NYSE DTM opened at $142.31 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The stock has a 50 day moving average of $140.00 and a two-hundred day moving average of $130.88. The stock has a market cap of $14.52 billion, a P/E ratio of 31.49, a P/E/G ratio of 3.11 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, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The company had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts forecast that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently disclosed 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 is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. DT Midstream’s payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DTM shares. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group upped their price target on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a report on Monday, April 20th. Wells Fargo & Company upped their price target on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $166.00 price target on shares of DT Midstream in a report on Friday, May 1st. Finally, Scotiabank started coverage on DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and a consensus price target of $154.46.

About DT Midstream

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.