Dimensional Fund Advisors LP Has $306.62 Million Stock Holdings in DT Midstream, Inc. $DTM

Dimensional Fund Advisors LP reduced its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 13.3% in the first quarter, Holdings Channel reports. The institutional investor owned 2,276,844 shares of the company’s stock after selling 347,768 shares during the period. Dimensional Fund Advisors LP’s holdings in DT Midstream were worth $306,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada grew its position in DT Midstream by 21.6% in the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after purchasing an additional 16,043 shares in the last quarter. NewEdge Advisors LLC lifted its position 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 worth $1,315,000 after buying an additional 218 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of DT Midstream by 13.1% in 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 worth $26,652,000 after buying an additional 31,894 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after acquiring an additional 123 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of DT Midstream by 2.6% in the second 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 in the last quarter. 81.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DTM. The Goldman Sachs Group lifted their price target on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a report on Monday, April 20th. UBS Group upped their price objective on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Barclays raised their target price on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings cut DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley boosted their price target on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. One equities research 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 stock. Based on data from MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and an average target price of $155.69.

DT Midstream Trading Up 1.2%

Shares of DTM stock opened at $143.56 on Thursday. The business has a 50-day moving average price of $145.05 and a two-hundred day moving average price of $136.90. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $152.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14.64 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 3.08 and a beta of 0.71.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data 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. The company had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities analysts anticipate that DT Midstream, Inc. will post 4.77 EPS for the current fiscal year.

DT Midstream Dividend Announcement

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

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.