Bank of America Corp DE Has $77.12 Million Holdings in DT Midstream, Inc. $DTM

Key Points

• Bank of America reduced its DT Midstream stake by 13.6% in the first quarter, selling 90,437 shares and retaining 572,628 shares valued at approximately $77.1 million. Institutional investors collectively own 81.53% of the company.
• DT Midstream reported quarterly revenue of $332.6 million, exceeding estimates, but earnings per share of $1.09 fell short of the $1.17 consensus. 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 a $3.52 annualized payout and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $154.08.

Bank of America Corp DE lowered its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 13.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 572,628 shares of the company's stock after selling 90,437 shares during the quarter. Bank of America Corp DE owned about 0.56% of DT Midstream worth $77,116,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of DT Midstream during the 4th quarter valued at about $115,715,000. Merewether Investment Management LP increased its holdings in DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company's stock valued at $113,128,000 after purchasing an additional 658,400 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of DT Midstream by 414.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company's stock valued at $44,030,000 after buying an additional 296,348 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in DT Midstream by 10.6% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company's stock valued at $356,759,000 after buying an additional 285,770 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of DT Midstream by 838.1% during the 3rd quarter. Millennium Management LLC now owns 280,370 shares of the company's stock worth $31,699,000 after buying an additional 250,483 shares during the period. Institutional investors own 81.53% of the company's stock.

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $131.48 on Monday. DT Midstream, Inc. has a 52 week low of $100.48 and a 52 week high of $152.88. The business has a 50 day moving average price of $142.56 and a 200-day moving average price of $138.47. 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 $13.41 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share 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 company had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. During the same period in the prior year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities 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. Shareholders of record on Monday, September 21st will be given a dividend of $0.88 per share. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.7%. DT Midstream's payout ratio is presently 77.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DTM shares. Weiss Ratings lowered DT Midstream from a "buy (a)" rating to a "buy (b+)" rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Jefferies Financial Group set a $155.00 price target on shares of DT Midstream in a research note on Friday, July 31st. Scotiabank assumed coverage on shares of DT Midstream in a research note on Tuesday, May 26th. They set an "outperform" rating and a $176.00 price target for the company. Finally, Mizuho cut their target price on DT Midstream from $153.00 to $147.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.08.

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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