DT Midstream, Inc. $DTM Shares Purchased by Jennison Associates LLC

Key Points

• Jennison Associates boosted its stake in DT Midstream by 8.9% in Q4 to 247,640 shares (about $29.6M), and institutional investors now own 81.53% of the company.
• DT Midstream beat Q1 estimates with $1.27 EPS (vs. $1.11 consensus) and $336M revenue, the board declared a quarterly dividend of $0.88/share (annualized yield 2.4%), and the company outlined a Vector pipeline expansion adding ~400 MMcf/d by Q4 2028 with $400–$440M of committed capital for 2026–27.
• Management set FY‑2026 guidance at 4.420–4.820 EPS (midpoint slightly below some street estimates); the stock trades near a 12‑month high (~$147.70) with a P/E of 34.27 and a consensus analyst rating of "Hold" (average target ~$147.67).

Jennison Associates LLC increased its holdings in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,640 shares of the company's stock after purchasing an additional 20,308 shares during the quarter. Jennison Associates LLC owned 0.24% of DT Midstream worth $29,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 59 North Capital Management LP increased its position in shares of DT Midstream by 49.0% during the 3rd quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company's stock worth $347,556,000 after purchasing an additional 1,010,965 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DT Midstream by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company's stock worth $301,695,000 after purchasing an additional 99,602 shares during the last quarter. Merewether Investment Management LP increased its position in shares of DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company's stock worth $113,128,000 after purchasing an additional 658,400 shares during the last quarter. Northern Trust Corp increased its position in shares of DT Midstream by 1.7% during the 3rd quarter. Northern Trust Corp now owns 914,538 shares of the company's stock worth $103,398,000 after purchasing an additional 15,044 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of DT Midstream by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company's stock worth $98,538,000 after purchasing an additional 63,438 shares during the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

DT Midstream News Roundup

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Q1 results materially beat expectations: $1.27 EPS vs. $1.11 consensus, revenue $336M vs. ~$314M est., and Adjusted EBITDA of $308M — signals underlying business strength and helped lift operating earnings. DT Midstream Reports Strong First Quarter 2026 Results
• Positive Sentiment: Board declared a quarterly dividend of $0.88 per share (record June 15, payable July 15) — supports income-oriented investors and reduces downside risk from yield compression.
• Positive Sentiment: Growth update: company outlined Vector pipeline expansion to add ~400 MMcf/d by Q4 2028 and increased 2026–27 committed capital to about $400M–$440M — signals long‑term volume growth and infrastructure investment that could drive future EBITDA. DT Midstream outlines Vector +400 MMcf/d by Q4 2028
• Neutral Sentiment: FY‑2026 EPS guidance set to $4.420–4.820 (company range vs. consensus ~4.68) — range covers the street but the midpoint is slightly below consensus, leaving guidance as a mixed signal for near‑term expectations.
• Neutral Sentiment: Management's full Q1 presentation and conference call materials are available for detail on drivers (volumes, fee mix, capex cadence). Investors should review slides and call transcript for color on Vector timing and capital allocation. DT Midstream, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: News coverage (earnings snapshots and previews) is summarizing the beat and guidance; market reaction likely reflects a trade‑off between strong execution this quarter and elevated near‑term spending for Vector. DT Midstream: Q1 Earnings Snapshot

DT Midstream Stock Performance

Shares of DT Midstream stock opened at $147.70 on Friday. The business has a 50-day moving average of $136.36 and a 200 day moving average of $124.86. DT Midstream, Inc. has a 12 month low of $98.06 and a 12 month high of $150.45. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07.

DT Midstream (NYSE:DTM - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.16. DT Midstream had a return on equity of 9.55% and a net margin of 36.28%.The company had revenue of $336.00 million during the quarter, compared to analysts' expectations of $313.65 million. During the same period last year, the business posted $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts forecast that DT Midstream, Inc. will post 4.63 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, June 15th. DT Midstream's dividend payout ratio (DPR) is 81.67%.

Wall Street Analyst Weigh In

DTM has been the subject of a number of recent analyst reports. Citigroup raised their price objective on DT Midstream from $130.00 to $156.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a "buy (b)" rating on shares of DT Midstream in a research report on Wednesday, January 21st. Wells Fargo & Company raised their target price on DT Midstream from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, March 13th. Raymond James Financial restated an "outperform" rating and set a $158.00 target price on shares of DT Midstream in a report on Thursday. Finally, Barclays raised their target price on DT Midstream from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DT Midstream has a consensus rating of "Hold" and an average target price of $147.67.

Insider Activity

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the purchase, the chief financial officer owned 89,583 shares of the company's stock, valued at $12,212,850.39. This represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

DT Midstream Company 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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