Copeland Capital Management LLC Sells 219,476 Shares of DT Midstream, Inc. $DTM

Key Points

• Copeland Capital Management cut its DT Midstream stake by 99.1%, selling 219,476 shares and retaining just 2,010 shares valued at approximately $240,000.
• Institutional ownership remains high at 81.53%, while analysts maintain a “Moderate Buy” consensus with an average price target of $151.64.
• DT Midstream reported quarterly EPS of $1.09, below the $1.17 consensus estimate, but exceeded revenue expectations; it also announced a quarterly dividend of $0.88, representing a 2.9% annualized yield.

Copeland Capital Management LLC reduced its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 99.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,010 shares of the company's stock after selling 219,476 shares during the quarter. Copeland Capital Management LLC's holdings in DT Midstream were worth $240,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in shares of DT Midstream by 34.9% in the third quarter. Gradient Investments LLC now owns 2,292 shares of the company's stock valued at $274,000 after purchasing an additional 593 shares during the period. Chickasaw Capital Management LLC grew its holdings in DT Midstream by 38.0% in the 3rd quarter. Chickasaw Capital Management LLC now owns 522,558 shares of the company's stock worth $62,430,000 after buying an additional 143,766 shares in the last quarter. QRG Capital Management Inc. increased its position in DT Midstream by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 5,814 shares of the company's stock valued at $853,000 after acquiring an additional 140 shares during the period. Premier Financial Group acquired a new stake in DT Midstream in the 2nd quarter valued at approximately $33,000. Finally, Sequoia Financial Advisors LLC raised its stake in DT Midstream by 3.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,376 shares of the company's stock valued at $1,669,000 after acquiring an additional 422 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research raised DT Midstream from a "peer perform" rating to an "outperform" rating and set a $145.00 price target for the company in a research note on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $146.00 to $154.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Morgan Stanley raised 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 report on Wednesday, September 9th. Barclays reduced their price objective on shares of DT Midstream from $143.00 to $142.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, DT Midstream has a consensus rating of "Moderate Buy" and an average target price of $151.64.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $123.24 on Thursday. DT Midstream, Inc. has a 12 month low of $104.99 and a 12 month high of $152.88. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 3.53 and a beta of 0.72. The stock's 50 day moving average price is $127.92 and its 200 day moving average price is $136.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37.

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 return on equity of 9.58% and a net margin of 35.72%. The firm had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same quarter last year, the company earned $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts anticipate that DT Midstream, Inc. will post 4.58 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company 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 $0.88 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.52 annualized dividend and a dividend yield of 2.9%. DT Midstream's dividend payout ratio is 77.02%.

DT Midstream Company Profile

DT Midstream, Inc is an independent energy company focused on developing, owning and operating natural gas infrastructure in the United States. Its business includes interstate and intrastate natural gas transportation, gathering and storage, providing critical connections between producers, utilities, power generators and other energy customers.

The company operates a portfolio of natural gas pipelines and gathering systems serving key producing and consuming regions, including the Midwest, Northeast, Mid-Atlantic and Gulf Coast.

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