Fox Run Management L.L.C. Invests $945,000 in DT Midstream, Inc. $DTM

Fox Run Management L.L.C. purchased a new position in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,892 shares of the company’s stock, valued at approximately $945,000.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of DT Midstream in the 4th quarter worth approximately $28,000. Richardson Financial Services Inc. raised its stake in shares of 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 in the last quarter. WFA of San Diego LLC bought a new position in shares of DT Midstream during the 2nd quarter worth approximately $33,000. Assetmark Inc. raised its stake in shares of DT Midstream by 99.5% during the 3rd quarter. Assetmark Inc. now owns 399 shares of the company’s stock worth $45,000 after acquiring an additional 199 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of DT Midstream by 48.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 416 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Trading Up 0.5%

Shares of DT Midstream stock opened at $141.27 on Thursday. 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 12-month low of $98.06 and a 12-month high of $152.88. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 3.06 and a beta of 0.72. The firm’s 50 day simple moving average is $140.33 and its two-hundred day simple moving average is $131.54.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the prior year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts predict that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Dividend Announcement

The business 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 dividend of $0.88 per share. 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 dividend payout ratio is presently 77.88%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DTM. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho boosted their price objective on shares of DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price objective on shares of DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. UBS Group boosted 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. Finally, Morgan Stanley boosted their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

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.