SG Americas Securities LLC Grows Position in DT Midstream, Inc. $DTM

SG Americas Securities LLC grew its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 60.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,247 shares of the company’s stock after acquiring an additional 38,261 shares during the quarter. SG Americas Securities LLC owned about 0.10% of DT Midstream worth $13,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in shares of DT Midstream in the fourth quarter worth approximately $839,000. Rockefeller Capital Management L.P. lifted its position in DT Midstream by 41.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,473 shares of the company’s stock valued at $894,000 after purchasing an additional 2,182 shares during the last quarter. World Investment Advisors purchased a new position in DT Midstream in the 4th quarter worth approximately $218,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of DT Midstream in the 4th quarter worth $30,000. Finally, Rehmann Capital Advisory Group increased its holdings in shares of DT Midstream by 36.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,876 shares of the company’s stock worth $344,000 after buying an additional 770 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 NYSE:DTM opened at $150.61 on Friday. The stock has a market cap of $15.36 billion, a PE ratio of 33.32, a PEG ratio of 3.26 and a beta of 0.72. The company’s fifty day moving average is $142.79 and its 200 day moving average is $133.54. DT Midstream, Inc. has a 52 week low of $98.06 and a 52 week 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.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results 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. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. During the same period in the previous year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts anticipate that DT Midstream, Inc. will post 4.75 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s payout ratio is 77.88%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTM. Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, June 4th. Citigroup raised their price target on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays lifted their price target on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.46.

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.