Inceptionr LLC Invests $533,000 in DT Midstream, Inc. $DTM

Inceptionr LLC acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,958 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds also recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in DT Midstream by 41.7% in the 1st quarter. Sei Investments Co. now owns 69,406 shares of the company’s stock valued at $9,346,000 after purchasing an additional 20,428 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of DT Midstream during the first quarter worth about $1,669,000. First Trust Advisors LP raised its position in shares of DT Midstream by 5.7% in the first quarter. First Trust Advisors LP now owns 350,989 shares of the company’s stock valued at $47,268,000 after buying an additional 18,843 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of DT Midstream in the first quarter valued at approximately $41,000. Finally, Parallel Advisors LLC lifted its stake in shares of DT Midstream by 3.5% during the first quarter. Parallel Advisors LLC now owns 6,310 shares of the company’s stock valued at $850,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DTM shares. Barclays raised their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Mizuho raised their price target on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. UBS Group lifted their price target on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. Morgan Stanley upped their price objective on shares of DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Scotiabank started coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $145.71 on Friday. The business’s 50-day simple moving average is $144.97 and its 200 day simple moving average is $137.13. The company has a market cap of $14.86 billion, a P/E ratio of 32.24, a PEG ratio of 3.16 and a beta of 0.71. 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, Inc. has a one year low of $98.63 and a one year high of $152.88.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS 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 firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $313.65 million. During the same quarter in the previous year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts forecast that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 15th. DT Midstream’s dividend payout ratio is currently 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.