JB Capital Partners LP Makes New Investment in DT Midstream, Inc. $DTM

Key Points

• JB Capital Partners LP acquired 26,165 shares of DT Midstream during the second quarter, with the filing valuing the position at approximately $745.2 million. Institutional investors and hedge funds collectively own 81.53% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $154.08. Ratings range from Buy and Outperform to Hold and one Sell rating.
• DT Midstream’s shares opened at $127.08, while the company recently reported quarterly EPS of $1.09, below the $1.17 consensus estimate, despite revenue exceeding expectations. It also declared a quarterly dividend of $0.88 per share, equivalent to a 2.8% annualized yield.

JB Capital Partners LP bought a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,165 shares of the company's stock, valued at approximately $745,179,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in DT Midstream during the first quarter valued at approximately $32,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of DT Midstream in the 4th quarter valued at $30,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of DT Midstream in the 4th quarter valued at $36,000. WFA of San Diego LLC bought a new position in shares of DT Midstream in the 2nd quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of DT Midstream in the 1st quarter valued at $41,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DTM. Raymond James Financial reaffirmed an "outperform" rating and issued a $158.00 price objective on shares of DT Midstream in a research note on Thursday, April 30th. Mizuho lowered their target price on DT Midstream from $153.00 to $147.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Scotiabank started coverage on shares of DT Midstream in a report on Tuesday, May 26th. They issued an "outperform" rating and a $176.00 target price for the company. UBS Group raised their price target on shares of DT Midstream from $152.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group set a $155.00 price target on shares of DT Midstream in a report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, DT Midstream has a consensus rating of "Moderate Buy" and a consensus price target of $154.08.

DT Midstream Stock Down 2.2%

Shares of DTM opened at $127.08 on Friday. DT Midstream, Inc. has a 52 week low of $100.48 and a 52 week high of $152.88. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a fifty day moving average of $141.06 and a 200-day moving average of $139.13.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $332.57 million for the quarter, compared to the consensus estimate of $325.84 million. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%.During the same quarter in the prior year, the firm earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. As a group, sell-side analysts anticipate that DT Midstream, Inc. will post 4.55 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream's dividend payout ratio (DPR) is presently 77.02%.

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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