Flat Footed LLC Buys Shares of 158,517 DT Midstream, Inc. $DTM

Flat Footed LLC bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the second quarter, Holdings Channel reports. The institutional investor bought 158,517 shares of the company’s stock, valued at approximately $4,514,564,000. DT Midstream accounts for 0.3% of Flat Footed LLC’s portfolio, making the stock its 14th biggest holding.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of DT Midstream by 6.9% in the 4th quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after buying an additional 200,114 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in DT Midstream by 10.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after acquiring an additional 285,770 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DT Midstream by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company’s stock worth $288,191,000 after acquiring an additional 106,533 shares during the last quarter. Invesco Ltd. boosted its stake in DT Midstream by 4.7% in the fourth quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock valued at $125,156,000 after acquiring an additional 47,030 shares during the period. Finally, Morgan Stanley boosted its stake in DT Midstream by 7.7% in the fourth quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock valued at $124,611,000 after acquiring an additional 74,355 shares during the period. 81.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DTM has been the topic of a number of research reports. Jefferies Financial Group set a $155.00 price target on DT Midstream in a research report on Friday, July 31st. Scotiabank started coverage on DT Midstream in a research note on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. Weiss Ratings lowered DT Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Finally, Citigroup boosted their price target on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.08.

DT Midstream Stock Performance

DTM opened at $126.68 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $140.48 and its 200-day moving average is $139.22. The stock has a market cap of $12.92 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 3.54 and a beta of 0.72. DT Midstream, Inc. has a twelve month low of $100.48 and a twelve month high of $152.88.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.The business had revenue of $332.57 million during the quarter, compared to the consensus estimate of $325.84 million. During the same period last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, analysts predict that DT Midstream, Inc. will post 4.55 earnings per share for the current year.

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

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.