Walleye Capital LLC Invests $1.67 Million in DT Midstream, Inc. $DTM

Walleye Capital LLC purchased a new stake in DT Midstream, Inc. (NYSE:DTM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,395 shares of the company’s stock, valued at approximately $1,669,000.

Several other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB purchased a new stake in shares of DT Midstream in the fourth quarter valued at approximately $1,371,000. Principal Financial Group Inc. lifted its holdings in DT Midstream by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 513,541 shares of the company’s stock valued at $61,462,000 after acquiring an additional 13,212 shares during the period. Deutsche Bank AG boosted its position in shares of DT Midstream by 6.9% during the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock worth $369,855,000 after purchasing an additional 200,114 shares in the last quarter. UBS Group AG boosted its position in shares of DT Midstream by 9.1% during the 4th quarter. UBS Group AG now owns 528,575 shares of the company’s stock worth $63,260,000 after purchasing an additional 44,233 shares in the last quarter. Finally, Eventide Asset Management LLC grew its stake in shares of DT Midstream by 115.4% during the 4th quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock worth $47,266,000 after purchasing an additional 211,471 shares during the period. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Price Performance

Shares of NYSE DTM opened at $145.85 on Friday. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.11 and a beta of 0.71. DT Midstream, Inc. has a 52 week low of $98.63 and a 52 week high of $152.88. The company’s 50-day moving average price is $145.01 and its 200 day moving average price is $137.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last posted its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period last year, the firm posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts forecast that DT Midstream, Inc. will post 4.77 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on DTM shares. Wall Street Zen upgraded shares of DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of DT Midstream from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. Scotiabank initiated coverage on shares of DT Midstream in a research report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target for the company. JPMorgan Chase & Co. boosted their price target on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Mizuho raised their price objective on DT Midstream from $129.00 to $153.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Moderate Buy” and a consensus target price of $155.69.

DT Midstream 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.