DT Midstream, Inc. $DTM is 59 North Capital Management LP’s 2nd Largest Position

59 North Capital Management LP lessened its position in DT Midstream, Inc. (NYSE:DTM) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 3,050,320 shares of the company’s stock after selling 23,761 shares during the period. DT Midstream makes up approximately 11.4% of 59 North Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding. 59 North Capital Management LP’s holdings in DT Midstream were worth $365,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of DT Midstream during the 4th quarter worth $28,000. Richardson Financial Services Inc. increased its stake in shares of DT Midstream by 62.7% during the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of DT Midstream during the 2nd quarter worth $33,000. Commonwealth Retirement Investments LLC acquired a new position in shares of DT Midstream during the 4th quarter worth $36,000. Finally, 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 worth $42,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DT Midstream stock opened at $140.86 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a fifty-two week low of $98.06 and a fifty-two week high of $152.88. The firm has a fifty day moving average price of $141.02 and a two-hundred day moving average price of $132.36. The company has a market cap of $14.37 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72.

DT Midstream (NYSE:DTM) last issued its quarterly 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 firm had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same period in the prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Analysts expect that DT Midstream, Inc. will post 4.75 EPS for the current year.

DT Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. DT Midstream’s dividend payout ratio is 77.88%.

Analyst Ratings Changes

Several research analysts have recently commented on DTM shares. Stifel Nicolaus set a $137.00 price target on shares of DT Midstream and gave the stock a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial restated an “outperform” rating and set a $158.00 price target on shares of DT Midstream in a research note on Thursday, April 30th. UBS Group increased their price target on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays upped their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, June 4th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat, DT Midstream 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.