Moore Capital Management LP Invests $11.97 Million in DT Midstream, Inc. $DTM

Moore Capital Management LP acquired a new position in shares of DT Midstream, Inc. (NYSE:DTM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $11,968,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Man Group plc grew its holdings in shares of DT Midstream by 69.7% during the fourth quarter. Man Group plc now owns 91,578 shares of the company’s stock worth $10,960,000 after purchasing an additional 37,606 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of DT Midstream by 7.6% during the fourth quarter. Gotham Asset Management LLC now owns 285,239 shares of the company’s stock worth $34,137,000 after purchasing an additional 20,059 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of DT Midstream during the fourth quarter worth about $2,992,000. Freestone Grove Partners LP grew its holdings in shares of DT Midstream by 115.8% during the fourth quarter. Freestone Grove Partners LP now owns 244,914 shares of the company’s stock worth $29,311,000 after purchasing an additional 131,411 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in shares of DT Midstream by 10.6% during 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 purchasing an additional 285,770 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on DT Midstream from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Wall Street Zen raised DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Scotiabank assumed coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective for the company. UBS Group boosted their price objective on DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings raised DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.46.

DT Midstream Stock Up 0.3%

Shares of DTM opened at $140.86 on Thursday. The firm has a market cap of $14.37 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.06 and a beta of 0.72. The stock has a 50 day simple moving average of $141.02 and a two-hundred day simple moving average of $132.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88.

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 the consensus estimate of $1.11 by $0.16. The business had revenue of $336.00 million during 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 quarter in the prior 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, analysts forecast that DT Midstream, Inc. will post 4.75 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently disclosed 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 2.5%. 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.