Bank of New York Mellon Corp Has $120.17 Million Position in DT Midstream, Inc. $DTM

Bank of New York Mellon Corp raised its holdings in DT Midstream, Inc. (NYSE:DTM) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 892,353 shares of the company’s stock after acquiring an additional 3,689 shares during the quarter. Bank of New York Mellon Corp’s holdings in DT Midstream were worth $120,173,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in DT Midstream in the fourth quarter valued at about $28,000. Richardson Financial Services Inc. boosted its holdings in DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of DT Midstream during the 4th quarter worth about $30,000. WFA of San Diego LLC acquired a new position in shares of DT Midstream during the 2nd quarter worth about $33,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of DT Midstream in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Stock Down 0.2%

DTM stock opened at $144.82 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $14.77 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.15 and a beta of 0.71. The business has a 50-day moving average of $145.19 and a 200-day moving average of $136.41. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data 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. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same period last year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts anticipate that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is currently 77.88%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DTM. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group increased their target price on shares of DT Midstream from $164.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group increased their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, 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 report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and an average target price of $155.69.

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.