Copeland Capital Management LLC Has $32.19 Million Position in DT Midstream, Inc. $DTM

Copeland Capital Management LLC lessened its stake in shares of DT Midstream, Inc. (NYSE:DTM) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,039 shares of the company’s stock after selling 6,218 shares during the period. Copeland Capital Management LLC owned 0.23% of DT Midstream worth $32,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of DT Midstream in the fourth quarter worth $28,000. Richardson Financial Services Inc. lifted 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 purchasing an additional 94 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in DT Midstream in the 4th quarter valued at about $30,000. WFA of San Diego LLC acquired a new position in shares of DT Midstream in the 2nd quarter valued at approximately $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of DT Midstream in the 4th quarter valued at approximately $36,000. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream Price Performance

Shares of NYSE DTM opened at $144.82 on Friday. 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 stock has a fifty day simple moving average of $145.19 and a two-hundred day simple moving average of $136.30. DT Midstream, Inc. has a 1-year low of $98.06 and a 1-year high of $152.88. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 3.19 and a beta of 0.71.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter 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 anticipate that DT Midstream, Inc. will post 4.77 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, June 15th. DT Midstream’s dividend payout ratio (DPR) is currently 77.88%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DTM. Wall Street Zen raised shares of DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. raised their price objective on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Citigroup boosted their target price on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.69.

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.