Franklin Resources Inc. Lowers Holdings in DT Midstream, Inc. $DTM

Franklin Resources Inc. trimmed its position in DT Midstream, Inc. (NYSE:DTM) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 769,721 shares of the company’s stock after selling 98,210 shares during the quarter. Franklin Resources Inc.’s holdings in DT Midstream were worth $92,120,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC lifted its holdings in shares of DT Midstream by 51.0% in the 4th quarter. Clearbridge Investments LLC now owns 233,398 shares of the company’s stock worth $27,933,000 after buying an additional 78,805 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in shares of DT Midstream by 3.9% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 15,658 shares of the company’s stock worth $1,874,000 after buying an additional 592 shares during the period. Parallel Advisors LLC lifted its holdings in shares of DT Midstream by 2.0% in the 4th quarter. Parallel Advisors LLC now owns 6,095 shares of the company’s stock worth $729,000 after buying an additional 118 shares during the period. Prudential PLC purchased a new stake in shares of DT Midstream in the 4th quarter worth $870,000. Finally, Vise Technologies Inc. lifted its holdings in shares of DT Midstream by 13.7% in the 4th quarter. Vise Technologies Inc. now owns 2,292 shares of the company’s stock worth $274,000 after buying an additional 276 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Trading Up 0.5%

DT Midstream stock opened at $141.27 on Thursday. The stock has a 50-day moving average of $140.33 and a two-hundred day moving average of $131.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $14.41 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 3.06 and a beta of 0.72. DT Midstream, Inc. has a one year low of $98.06 and a one year high of $152.88.

DT Midstream (NYSE:DTM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to analyst estimates 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 company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts anticipate that DT Midstream, Inc. will post 4.75 EPS for the current fiscal year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. DT Midstream’s dividend payout ratio is currently 77.88%.

Analyst Ratings Changes

Several brokerages have weighed in on DTM. Raymond James Financial reiterated an “outperform” rating and issued a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $166.00 target price on shares of DT Midstream in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Mizuho upped their price objective on DT Midstream from $129.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group upped their price objective on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. One investment 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. According to data from MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and an average target price of $154.46.

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.