Clearbridge Investments LLC Raises Stake in DT Midstream, Inc. $DTM

Clearbridge Investments LLC increased its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 51.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 233,398 shares of the company’s stock after purchasing an additional 78,805 shares during the period. Clearbridge Investments LLC owned 0.23% of DT Midstream worth $27,933,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. 59 North Capital Management LP lifted its holdings in DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company’s stock worth $347,556,000 after purchasing an additional 1,010,965 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company’s stock worth $301,695,000 after purchasing an additional 99,602 shares in the last quarter. Geode Capital Management LLC lifted its holdings in DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after purchasing an additional 106,533 shares in the last quarter. Merewether Investment Management LP lifted its holdings in DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after purchasing an additional 658,400 shares in the last quarter. Finally, Norges Bank purchased a new stake in DT Midstream during the 4th quarter worth about $115,715,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DTM shares. Raymond James Financial restated an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Morgan Stanley upped their target price on DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on DT Midstream from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Mizuho upped their target price on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.46.

DT Midstream Price Performance

Shares of DT Midstream stock opened at $140.74 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14.36 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The business’s 50-day moving average price is $140.20 and its 200-day moving average price is $131.37. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $152.88.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to analyst estimates 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 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 forecast that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. DT Midstream’s dividend payout ratio is 77.88%.

DT Midstream 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.