CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $97.92 Million Holdings in DT Midstream, Inc. $DTM

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 727,100 shares of the company’s stock after selling 22,200 shares during the period. DT Midstream makes up approximately 4.8% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 5th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in DT Midstream were worth $97,919,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of DT Midstream by 6.9% in the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after buying an additional 200,114 shares during the period. 59 North Capital Management LP raised its holdings in shares of DT Midstream by 49.0% during the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after acquiring an additional 1,010,965 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in shares of DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after acquiring an additional 285,770 shares during the period. Geode Capital Management LLC lifted its position in DT Midstream by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock valued at $288,191,000 after acquiring an additional 106,533 shares in the last quarter. Finally, Invesco Ltd. lifted its position in DT Midstream by 4.7% in the 4th quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock valued at $125,156,000 after acquiring an additional 47,030 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

Shares of DTM stock opened at $144.66 on Monday. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88. The company’s fifty day simple moving average is $144.13 and its 200-day simple moving average is $134.55. The firm has a market cap of $14.76 billion, a PE ratio of 32.00, a P/E/G ratio of 3.15 and a beta of 0.71. 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 (NYSE:DTM) last released its earnings results 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 net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same quarter last year, the firm earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts expect that DT Midstream, Inc. will post 4.75 EPS 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. Stockholders of record on Monday, June 15th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th. DT Midstream’s dividend payout ratio is currently 77.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DTM shares. 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. The Goldman Sachs Group boosted 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. Scotiabank started coverage on DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Morgan Stanley increased their price objective on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Mizuho lifted their target price on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.