Arbor Trust Wealth Advisors LLC Makes New $411,000 Investment in DT Midstream, Inc. $DTM

Arbor Trust Wealth Advisors LLC bought a new position in DT Midstream, Inc. (NYSE:DTM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,407 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of DT Midstream during the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. increased its holdings in shares of DT Midstream by 62.7% during the fourth quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Centerpoint Advisors LLC increased 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 acquiring an additional 179 shares in the last quarter. First Horizon Corp bought a new stake in shares of DT Midstream during the third quarter valued at approximately $32,000. Finally, Root Financial Partners LLC bought a new stake in shares of DT Midstream during the third quarter valued at approximately $33,000. 81.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on DTM shares. JPMorgan Chase & Co. boosted their price objective on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Citigroup boosted their price objective on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report 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. UBS Group boosted their price objective on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings upgraded DT Midstream from a “buy (b+)” rating to a “buy (a)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.67.

DT Midstream Stock Down 0.1%

Shares of NYSE:DTM opened at $147.91 on Friday. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.96 and a beta of 0.75. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 12-month low of $98.06 and a 12-month high of $150.45. The business’s 50 day moving average is $137.57 and its 200 day moving average is $127.28.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The company 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 previous year, the firm earned $1.06 earnings per share. 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 4.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s payout ratio is presently 77.88%.

Insider Activity

In related news, CFO Jeffrey A. Jewell bought 185 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average price of $136.33 per share, with a total value of $25,221.05. Following the completion of the transaction, the chief financial officer directly owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

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.