Alps Advisors Inc. Trims Holdings in DT Midstream, Inc. $DTM

Alps Advisors Inc. trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 201,441 shares of the company’s stock after selling 15,886 shares during the period. Alps Advisors Inc.’s holdings in DT Midstream were worth $24,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of DT Midstream by 21.6% during the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after acquiring an additional 16,043 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after acquiring an additional 218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after acquiring an additional 31,894 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after acquiring an additional 123 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after acquiring an additional 157 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DTM. Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Morgan Stanley upped their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Stock Down 0.2%

DTM opened at $140.47 on Friday. The firm has a 50 day moving average price of $140.44 and a 200 day moving average price of $131.71. The company has a market cap of $14.33 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 3.07 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 debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

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

DT Midstream Dividend Announcement

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