50,173 Shares in DT Midstream, Inc. $DTM Bought by Ancora Advisors LLC

Key Points

• Ancora Advisors purchased 50,173 shares of DT Midstream during the second quarter, valued at approximately $7.36 million. Institutional investors and hedge funds collectively own 81.53% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $154.08. Eight analysts rate the stock a Buy, five a Hold, and one a Sell.
• DT Midstream reported quarterly revenue of $332.57 million, exceeding estimates, but earnings per share of $1.09 missed expectations. The company also declared a quarterly dividend of $0.88 per share, representing a 2.8% annualized yield.

Ancora Advisors LLC bought a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 50,173 shares of the company's stock, valued at approximately $7,362,000.

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in DT Midstream by 21.6% during the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company's stock worth $8,711,000 after buying an additional 16,043 shares during the period. NewEdge Advisors LLC increased its holdings in shares of DT Midstream by 1.6% during the first quarter. NewEdge Advisors LLC now owns 13,631 shares of the company's stock valued at $1,315,000 after acquiring an additional 218 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of DT Midstream by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company's stock valued at $26,652,000 after buying an additional 31,894 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after purchasing an additional 123 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company's stock worth $698,000 after acquiring an additional 157 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of DT Midstream from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 12th. UBS Group increased their price objective on DT Midstream from $152.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Jefferies Financial Group set a $155.00 price target on DT Midstream in a research report on Friday, July 31st. Barclays upped their target price on DT Midstream from $141.00 to $143.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Finally, Citigroup raised their target price on shares of DT Midstream from $156.00 to $169.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Eight 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $154.08.

DT Midstream Stock Performance

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

DT Midstream (NYSE:DTM - Get Free Report) last released 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). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million for the quarter, compared to analysts' expectations of $325.84 million. During the same quarter in the prior year, the business earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, equities research analysts predict that DT Midstream, Inc. will post 4.55 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 21st. DT Midstream's dividend payout ratio is currently 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.

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