Baird Financial Group Inc. Sells 10,407 Shares of DT Midstream, Inc. $DTM

Key Points

• Baird Financial Group reduced its DT Midstream stake by 23.8% in the second quarter, selling 10,407 shares and retaining 33,300 shares valued at approximately $4.9 million. Institutional investors collectively own 81.53% of the company.
• DT Midstream reported quarterly EPS of $1.09, missing the $1.17 consensus estimate, though revenue of $332.57 million exceeded expectations. The company maintained fiscal 2026 EPS guidance of $4.42–$4.82.
• The company declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a 2.8% yield. Analysts’ consensus rating remains “Moderate Buy,” with an average price target of $152.86.

Baird Financial Group Inc. lessened its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 23.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 33,300 shares of the company's stock after selling 10,407 shares during the quarter. Baird Financial Group Inc.'s holdings in DT Midstream were worth $4,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG raised its position in shares of 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 buying an additional 200,114 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of DT Midstream by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,407,612 shares of the company's stock valued at $288,191,000 after purchasing an additional 106,533 shares during the last quarter. Norges Bank acquired a new position in shares of DT Midstream during the fourth quarter worth $115,715,000. Bank of New York Mellon Corp grew its position in DT Midstream by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 892,353 shares of the company's stock worth $120,173,000 after acquiring an additional 3,689 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in shares of DT Midstream by 9.4% in the fourth quarter. Reaves W H & Co. Inc. now owns 762,753 shares of the company's stock valued at $91,286,000 after buying an additional 65,327 shares during the period. Institutional investors and hedge funds own 81.53% of the company's stock.

DT Midstream Price Performance

Shares of DTM opened at $125.03 on Wednesday. The business's fifty day moving average is $135.66 and its 200 day moving average is $138.87. DT Midstream, Inc. has a 12-month low of $104.25 and a 12-month 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 stock has a market cap of $12.75 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.54 and a beta of 0.70.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The business had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same quarter last year, the firm posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts anticipate that DT Midstream, Inc. will post 4.59 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.8%. DT Midstream's payout ratio is presently 77.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of DT Midstream from $176.00 to $168.00 and set a "sector outperform" rating for the company in a report on Thursday, September 10th. Wall Street Zen downgraded shares of DT Midstream from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Morgan Stanley upgraded shares of DT Midstream from an "equal weight" rating to an "overweight" rating and set a $170.00 price objective for the company in a research report on Wednesday, September 9th. Mizuho lowered their target price on shares of DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Jefferies Financial Group set a $155.00 target price on shares of DT Midstream in a report on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $152.86.

DT Midstream Profile

DT Midstream, Inc NYSE: DTM is an independent energy infrastructure company that develops, owns and operates natural gas transportation, storage and gathering assets. Its business is primarily supported by long-term, fee-based agreements that connect natural gas producers, utilities, power generators and other customers to major markets.

The company's operations include interstate and intrastate pipeline systems, natural gas gathering networks and storage facilities. Its portfolio includes assets such as the Blue Union and Guardian pipeline systems, Midwestern Gas Transmission, and other infrastructure serving production and consumption areas in the Midwestern and Southern United States, including the Gulf Coast and Haynesville region.

Want to see what other hedge funds are holding DTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DT Midstream, Inc. (NYSE:DTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.