DT Midstream, Inc. $DTM Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its position in DT Midstream, Inc. (NYSE:DTM) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,822 shares of the company’s stock after selling 4,695 shares during the quarter. New Age Alpha Advisors LLC’s holdings in DT Midstream were worth $2,372,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of DT Midstream in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. boosted its position in shares of DT Midstream by 62.7% in the 4th quarter. Richardson Financial Services Inc. now owns 244 shares of the company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Centerpoint Advisors LLC boosted its position in shares of DT Midstream by 198.9% in the 3rd quarter. Centerpoint Advisors LLC now owns 269 shares of the company’s stock valued at $30,000 after purchasing an additional 179 shares during the period. Westside Investment Management Inc. lifted its position in DT Midstream by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 290 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in DT Midstream during the 3rd quarter worth approximately $33,000. 81.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DTM. Barclays increased their price objective on DT Midstream from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Citigroup increased their price objective on DT Midstream from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Mizuho increased their price objective on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $158.00 price objective on shares of DT Midstream in a research report on Thursday, April 30th. Finally, Wells Fargo & Company increased their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DT Midstream currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Stock Down 0.7%

DT Midstream stock opened at $150.08 on Wednesday. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $152.88. The stock has a 50 day moving average of $139.06 and a two-hundred day moving average of $129.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.02 and a beta of 0.75.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same period in the prior year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, research analysts expect that DT Midstream, Inc. will post 4.8 earnings per share for the current year.

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. DT Midstream’s dividend payout ratio is 77.88%.

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.