Norges Bank Invests $115.72 Million in DT Midstream, Inc. $DTM

Norges Bank acquired a new stake in DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 966,869 shares of the company’s stock, valued at approximately $115,715,000.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in DT Midstream during the fourth quarter worth $28,000. Richardson Financial Services Inc. increased its stake in DT Midstream by 62.7% in the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Centerpoint Advisors LLC raised its holdings in shares of DT Midstream by 198.9% during the third quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares during the period. Westside Investment Management Inc. raised its holdings in shares of DT Midstream by 100.0% during the third quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares during the period. Finally, WFA of San Diego LLC bought a new position in shares of DT Midstream during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DTM. The Goldman Sachs Group raised their target price on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the stock a “hold” rating in a report on Monday, February 23rd. Citigroup raised their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Barclays boosted their price objective on DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Scotiabank initiated coverage on DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Stock Up 1.0%

Shares of NYSE DTM opened at $142.78 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average price of $139.88 and a 200-day moving average price of $130.80. The stock has a market capitalization of $14.57 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.08 and a beta of 0.72. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping 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 company had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the prior year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, equities research analysts forecast that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend 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.