BROOKFIELD Corp ON Has $33.25 Million Holdings in DT Midstream, Inc. $DTM

Key Points

• BROOKFIELD Corp ON has reduced its stake in DT Midstream, Inc. by 64.4%, now owning 0.34% of the company, valued at approximately $33.25 million.
• DT Midstream recently reported earnings per share (EPS) of $1.04 for the last quarter, exceeding analysts' expectations and setting FY 2025 guidance of 4.050-4.450 EPS.
• The company announced a quarterly dividend of $0.82, with an annualized yield of 3.1%, and a payout ratio of 87.94% as of the last financial quarter.

BROOKFIELD Corp ON cut its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 64.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 344,642 shares of the company's stock after selling 623,704 shares during the period. BROOKFIELD Corp ON owned about 0.34% of DT Midstream worth $33,251,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DTM. BNP Paribas Financial Markets acquired a new stake in DT Midstream in the 4th quarter valued at $1,982,000. Ensign Peak Advisors Inc increased its position in shares of DT Midstream by 1.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 37,127 shares of the company's stock valued at $3,692,000 after acquiring an additional 385 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in DT Midstream during the fourth quarter worth about $242,000. Jacobs Levy Equity Management Inc. boosted its position in DT Midstream by 872.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 40,472 shares of the company's stock valued at $4,024,000 after purchasing an additional 36,311 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in DT Midstream by 27.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,535 shares of the company's stock valued at $152,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Stifel Nicolaus upped their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Barclays lifted their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Morgan Stanley upped their target price on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Finally, Mizuho raised their target price on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $110.67.

Insider Activity

In related news, VP Melissa Cox sold 4,755 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the sale, the vice president owned 5,171 shares in the company, valued at approximately $540,214.37. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company's stock.

DT Midstream Price Performance

Shares of NYSE DTM traded up $0.95 during midday trading on Wednesday, reaching $105.65. The company's stock had a trading volume of 188,813 shares, compared to its average volume of 964,512. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $10.73 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.32 and a beta of 0.77. The business's 50 day moving average price is $103.32 and its two-hundred day moving average price is $101.12. DT Midstream, Inc. has a fifty-two week low of $76.13 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.06. The firm had revenue of $299.00 million for the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same quarter last year, the company earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio is 87.94%.

DT Midstream Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.