Horizon Investments LLC Invests $3.07 Million in DT Midstream, Inc. $DTM

Key Points

• Horizon Investments LLC opened a new position in DT Midstream in the fourth quarter, buying 25,618 shares valued at approximately $3.07 million.
• DT Midstream beat quarterly estimates, reporting $1.27 EPS vs. $1.11 expected and $336 million in revenue, and set FY2026 guidance of $4.42–$4.82 EPS (consensus ~4.76).
• The company announced a quarterly dividend of $0.88 (annualized $3.52, yield ~2.4%) and has high institutional ownership (~81.53%), with several large funds increasing their stakes; the CFO also bought 185 shares.

Horizon Investments LLC bought a new position in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,618 shares of the company's stock, valued at approximately $3,066,000.

Other large investors have also modified their holdings of the company. 59 North Capital Management LP grew its holdings in shares of DT Midstream by 49.0% in the third quarter. 59 North Capital Management LP now owns 3,074,081 shares of the company's stock valued at $347,556,000 after purchasing an additional 1,010,965 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of DT Midstream by 3.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,668,447 shares of the company's stock valued at $301,695,000 after purchasing an additional 99,602 shares during the period. Merewether Investment Management LP grew its holdings in shares of DT Midstream by 192.4% in the third 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 during the period. Northern Trust Corp grew its holdings in shares of DT Midstream by 1.7% in the third quarter. Northern Trust Corp now owns 914,538 shares of the company's stock valued at $103,398,000 after purchasing an additional 15,044 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of DT Midstream by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 871,636 shares of the company's stock valued at $98,538,000 after purchasing an additional 63,438 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jeffrey A. Jewell acquired 185 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $136.33 per share, for a total transaction of $25,221.05. Following the transaction, the chief financial officer directly owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

DT Midstream Stock Down 0.2%

DTM stock opened at $147.11 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a twelve month low of $98.06 and a twelve month high of $150.45. The company's 50 day moving average is $136.36 and its two-hundred day moving average is $125.07. The stock has a market cap of $15.01 billion, a P/E ratio of 32.55, a PEG ratio of 2.97 and a beta of 0.75.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.16. The company had revenue of $336.00 million for the quarter, compared to analysts' expectations of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter last year, the company earned $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts expect that DT Midstream, Inc. will post 4.76 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 Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $0.88 dividend. 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 77.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DTM. Barclays upped their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $126.00 to $142.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Raymond James Financial reissued an "outperform" rating and issued a $158.00 price objective on shares of DT Midstream in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of DT Midstream from $111.00 to $127.00 and gave the company a "sell" rating in a report on Monday, April 20th. Finally, Stifel Nicolaus set a $137.00 price target on DT Midstream and gave the stock a "hold" rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $148.75.

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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