TD Waterhouse Canada Inc. Has $1.36 Million Holdings in DT Midstream, Inc. $DTM

Key Points

• TD Waterhouse Canada cut its DT Midstream position by 52.6% in the second quarter, selling 10,502 shares and retaining 9,477 shares valued at approximately $1.36 million. Institutional investors collectively own 81.53% of the company.
• DT Midstream reported quarterly EPS of $1.09, missing analysts’ $1.17 estimate, although revenue of $332.57 million exceeded expectations. The company guided for fiscal 2026 EPS of $4.42–$4.82.
• The company declared a quarterly dividend of $0.88 per share, equivalent to an annualized $3.52 and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.43.

TD Waterhouse Canada Inc. lowered its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 52.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,477 shares of the company's stock after selling 10,502 shares during the period. TD Waterhouse Canada Inc.'s holdings in DT Midstream were worth $1,362,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC bought a new position in DT Midstream during the first quarter worth $32,000. Continuum Advisory LLC bought a new stake in DT Midstream during the second quarter valued at $36,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in DT Midstream during the fourth quarter valued at $30,000. Commonwealth Retirement Investments LLC acquired a new stake in DT Midstream during the 4th quarter worth about $36,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in DT Midstream during the 1st quarter worth about $41,000. 81.53% of the stock is owned by institutional investors.

DT Midstream Price Performance

Shares of NYSE DTM opened at $131.22 on Wednesday. The firm has a market capitalization of $13.39 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.64 and a beta of 0.70. The firm's 50-day moving average price is $137.30 and its 200-day moving average price is $139.15. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a 1-year low of $104.25 and a 1-year high of $152.88.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The firm had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. During the same quarter in the prior year, the business 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 4.55 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 21st. DT Midstream's dividend payout ratio (DPR) is 77.02%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DTM shares. Wall Street Zen downgraded DT Midstream from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. UBS Group raised their target price on DT Midstream from $152.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wolfe Research upgraded DT Midstream from a "peer perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday, August 26th. Weiss Ratings lowered DT Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, Jefferies Financial Group set a $155.00 price target on DT Midstream in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.43.

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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