NEOS Investment Management LLC Purchases 70,650 Shares of DT Midstream, Inc. $DTM

NEOS Investment Management LLC grew its position in shares of DT Midstream, Inc. (NYSE:DTM) by 50.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,368 shares of the company’s stock after purchasing an additional 70,650 shares during the period. NEOS Investment Management LLC’s holdings in DT Midstream were worth $30,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of DT Midstream by 2.6% during the 4th 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 last quarter. Deutsche Bank AG raised its stake in DT Midstream by 6.9% in the fourth quarter. Deutsche Bank AG now owns 3,090,365 shares of the company’s stock valued at $369,855,000 after purchasing an additional 200,114 shares in the last quarter. Eventide Asset Management LLC lifted its position in DT Midstream by 115.4% during the fourth quarter. Eventide Asset Management LLC now owns 394,724 shares of the company’s stock valued at $47,266,000 after purchasing an additional 211,471 shares during the last quarter. Walleye Capital LLC purchased a new position in DT Midstream in the 1st quarter worth approximately $1,669,000. Finally, California State Teachers Retirement System raised its position in shares of DT Midstream by 26.3% during the 1st quarter. California State Teachers Retirement System now owns 120,551 shares of the company’s stock valued at $16,235,000 after buying an additional 25,099 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 recently issued reports on the stock. UBS Group upped their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen cut DT Midstream from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on shares of DT Midstream from $146.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Mizuho reduced their price objective on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Scotiabank started coverage on DT Midstream in a research note on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DT Midstream has a consensus rating of “Moderate Buy” and an average price target of $153.43.

DT Midstream Stock Up 0.7%

Shares of NYSE DTM opened at $129.45 on Friday. The firm’s fifty day moving average is $137.98 and its 200 day moving average is $139.15. DT Midstream, Inc. has a 52 week low of $102.43 and a 52 week high of $152.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.62 and a beta of 0.70.

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

DT Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. DT Midstream’s dividend payout ratio (DPR) is presently 77.02%.

About DT Midstream

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.