Mitsubishi UFJ Trust & Banking Corp Has $84.54 Million Stock Position in DT Midstream, Inc. $DTM

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in DT Midstream, Inc. (NYSE:DTM) by 54.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 747,781 shares of the company’s stock after buying an additional 263,312 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in DT Midstream were worth $84,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of DT Midstream by 23.6% in the third quarter. Private Trust Co. NA now owns 535 shares of the company’s stock worth $60,000 after acquiring an additional 102 shares during the last quarter. Ballentine Partners LLC boosted its holdings in DT Midstream by 4.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock valued at $286,000 after purchasing an additional 106 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. Steward Partners Investment Advisory LLC grew its position in DT Midstream by 15.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock worth $107,000 after purchasing an additional 130 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of DT Midstream by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,955 shares of the company’s stock worth $221,000 after purchasing an additional 146 shares during the period. 81.53% of the stock is currently owned by institutional investors and hedge funds.

DT Midstream Stock Up 0.7%

NYSE DTM opened at $122.32 on Friday. DT Midstream, Inc. has a 1-year low of $83.30 and a 1-year high of $122.70. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.14 and a beta of 0.76. The stock’s 50 day moving average is $119.18 and its two-hundred day moving average is $111.09. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $314.00 million during the quarter, compared to analysts’ expectations of $309.21 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same period in the prior year, the firm posted $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Equities analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. DT Midstream’s dividend payout ratio (DPR) is presently 82.83%.

Analysts Set New Price Targets

A number of research analysts have recently commented on DTM shares. UBS Group upped their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus boosted their price target on DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their price target on DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.67.

DT Midstream Company 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.