DT Midstream, Inc. $DTM Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 117.5% during the 2nd quarter, Holdings Channel reports. The fund owned 40,041 shares of the company’s stock after purchasing an additional 21,631 shares during the period. Squarepoint Ops LLC’s holdings in DT Midstream were worth $5,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its position in DT Midstream by 21.6% in the first quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock worth $8,711,000 after buying an additional 16,043 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock worth $1,315,000 after buying an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after purchasing an additional 31,894 shares during the period. Geneos Wealth Management Inc. boosted its holdings in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Cresset Asset Management LLC lifted its position in shares of DT Midstream by 2.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock worth $698,000 after acquiring an additional 157 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DTM has been the topic of a number of analyst reports. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. UBS Group raised their target price on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their price target on DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Scotiabank dropped their price objective on DT Midstream from $176.00 to $168.00 and set a “sector outperform” rating for the company in a research note on Thursday. Finally, Wolfe Research raised DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.86.

DT Midstream Stock Down 0.4%

Shares of DTM opened at $129.05 on Friday. The company has a market capitalization of $13.17 billion, a P/E ratio of 28.24, a PEG ratio of 3.60 and a beta of 0.70. DT Midstream, Inc. has a one year low of $104.25 and a one year high of $152.88. The business’s 50 day simple moving average is $136.42 and its 200-day simple moving average is $139.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.During the same period in the prior year, the firm posted $1.04 earnings per share. 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 4.61 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company’s operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.