Brighton Securities CORP. Has $240,000 Position in DT Midstream, Inc. $DTM

Brighton Securities CORP. lessened its position in DT Midstream, Inc. (NYSE:DTM) by 63.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,009 shares of the company’s stock after selling 3,517 shares during the period. Brighton Securities CORP.’s holdings in DT Midstream were worth $240,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DTM. V Square Quantitative Management LLC acquired a new stake in DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. increased its position 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 DT Midstream during the fourth quarter worth approximately $30,000. Commonwealth Retirement Investments LLC bought a new stake in DT Midstream in the fourth quarter valued at approximately $36,000. Finally, WFA of San Diego LLC bought a new stake in DT Midstream in the second quarter valued at approximately $33,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTM has been the subject of several research analyst reports. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised their price target on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Morgan Stanley lifted their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

DT Midstream Price Performance

NYSE:DTM opened at $143.49 on Friday. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week high of $152.88. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 3.12 and a beta of 0.72. The firm’s 50-day simple moving average is $141.38 and its 200 day simple moving average is $132.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter in the previous year, the company earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts predict that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given 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 is Monday, June 15th. DT Midstream’s payout ratio is presently 77.88%.

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.