Bank of New York Mellon Corp Sells 95,382 Shares of DT Midstream, Inc. $DTM

Bank of New York Mellon Corp lessened its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 888,664 shares of the company’s stock after selling 95,382 shares during the quarter. Bank of New York Mellon Corp’s holdings in DT Midstream were worth $106,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTM. V Square Quantitative Management LLC bought a new stake in shares of DT Midstream in the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. increased its stake in DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Centerpoint Advisors LLC increased its stake in DT Midstream by 198.9% during the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock worth $30,000 after acquiring an additional 179 shares during the period. WFA of San Diego LLC acquired a new position in DT Midstream in the 2nd quarter valued at $33,000. Finally, Assetmark Inc. raised its holdings in DT Midstream by 99.5% in the 3rd quarter. Assetmark Inc. now owns 399 shares of the company’s stock valued at $45,000 after acquiring an additional 199 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports 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. Wells Fargo & Company boosted their price target on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. UBS Group increased their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. The Goldman Sachs Group raised their target price on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DT Midstream currently has an average rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Trading Down 0.1%

DTM opened at $142.31 on Monday. The company’s 50 day moving average is $140.00 and its 200-day moving average is $130.99. The company has a market cap of $14.52 billion, a P/E ratio of 31.49, a PEG ratio of 3.11 and a beta of 0.72. DT Midstream, Inc. has a 1-year low of $98.06 and a 1-year high of $152.88. 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 (NYSE:DTM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The company had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same period in the prior year, the business earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts predict that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is 77.88%.

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.