Chickasaw Capital Management LLC Has $31.57 Million Holdings in DT Midstream, Inc. $DTM

Chickasaw Capital Management LLC cut its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,219 shares of the company’s stock after selling 34,149 shares during the period. DT Midstream makes up approximately 1.3% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Chickasaw Capital Management LLC owned 0.27% of DT Midstream worth $31,569,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its holdings in shares of DT Midstream by 45.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,118 shares of the company’s stock valued at $494,000 after purchasing an additional 1,600 shares in the last quarter. American Century Companies Inc. lifted its stake in DT Midstream by 41.5% in the first quarter. American Century Companies Inc. now owns 69,091 shares of the company’s stock valued at $6,666,000 after buying an additional 20,254 shares in the last quarter. Raymond James Financial Inc. lifted its stake in DT Midstream by 1.7% in the first quarter. Raymond James Financial Inc. now owns 87,661 shares of the company’s stock valued at $8,457,000 after buying an additional 1,482 shares in the last quarter. Algert Global LLC boosted its holdings in shares of DT Midstream by 17.6% in the first quarter. Algert Global LLC now owns 13,850 shares of the company’s stock valued at $1,336,000 after buying an additional 2,070 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of DT Midstream by 145.0% during the first quarter. Brooklyn Investment Group now owns 1,208 shares of the company’s stock worth $117,000 after acquiring an additional 715 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DTM. Bank of America boosted their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. UBS Group boosted their price target on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Citigroup increased their price objective on DT Midstream from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on DT Midstream from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.00.

DT Midstream Price Performance

NYSE:DTM opened at $118.62 on Thursday. DT Midstream, Inc. has a 52-week low of $83.30 and a 52-week high of $122.70. The company has a market cap of $12.06 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $114.20 and its 200 day simple moving average is $108.63.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The firm had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. During the same period last year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, sell-side analysts forecast that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio is 82.83%.

DT Midstream Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.