Odyssean LLC Makes New Investment in DT Midstream, Inc. $DTM

Key Points

• Odyssean LLC initiated a position in DT Midstream during the second quarter, purchasing 15,717 shares valued at approximately $448,000. Institutional investors collectively own 81.53% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $153.43. Recent actions included upgrades from Scotiabank and Wolfe Research, while Morgan Stanley and Barclays maintained “equal weight” ratings.
• DT Midstream reported quarterly EPS of $1.09, below the $1.17 consensus estimate, though revenue of $332.57 million exceeded expectations. The company declared a quarterly dividend of $0.88 per share, equivalent to a 2.7% annualized yield.

Odyssean LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,717 shares of the company's stock, valued at approximately $448,000.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in DT Midstream by 21.6% during the first quarter. Royal Bank of Canada now owns 90,286 shares of the company's stock worth $8,711,000 after buying an additional 16,043 shares in the last quarter. NewEdge Advisors LLC lifted its stake in DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company's stock valued at $1,315,000 after acquiring an additional 218 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company's stock worth $26,652,000 after acquiring an additional 31,894 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after acquiring an additional 123 shares during the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of DT Midstream by 2.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company's stock worth $698,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 81.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DTM. Morgan Stanley increased their target price on shares of DT Midstream from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, May 12th. Scotiabank started coverage on shares of DT Midstream in a report on Tuesday, May 26th. They set an "outperform" rating and a $176.00 price target on the stock. Barclays increased their price objective on shares of DT Midstream from $141.00 to $143.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Wolfe Research raised shares of DT Midstream from a "peer perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research report on Wednesday. Finally, Raymond James Financial restated an "outperform" rating and issued a $158.00 target price on shares of DT Midstream in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $153.43.

DT Midstream Trading Down 0.6%

NYSE DTM opened at $131.72 on Friday. The business's fifty day moving average is $140.07 and its 200-day moving average is $139.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.73 and a beta of 0.72. DT Midstream, Inc. has a one year low of $100.73 and a one year high of $152.88.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million for the quarter, compared to analysts' expectations 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 last year, the business posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts predict that DT Midstream, Inc. will post 4.55 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream's dividend payout ratio is 77.02%.

About DT Midstream

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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