Copeland Capital Management LLC Invests $29.24 Million in DT Midstream, Inc. $DTM

Copeland Capital Management LLC bought a new position in shares of DT Midstream, Inc. (NYSE:DTM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 258,595 shares of the company’s stock, valued at approximately $29,237,000. Copeland Capital Management LLC owned 0.25% of DT Midstream at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC bought a new position in shares of DT Midstream during the 2nd quarter worth about $33,000. WFA of San Diego LLC acquired a new stake in DT Midstream during the second quarter worth about $33,000. Twin Tree Management LP bought a new position in DT Midstream during the first quarter valued at about $29,000. Parkside Financial Bank & Trust raised its holdings in DT Midstream by 138.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 312 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in DT Midstream in the 2nd quarter valued at approximately $38,000. 81.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DTM has been the subject of a number of recent research reports. Citigroup upped their target price on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company boosted their price target on shares of DT Midstream from $121.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Barclays increased their price objective on shares of DT Midstream from $103.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price on shares of DT Midstream from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Bank of America upped their target price on shares of DT Midstream from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DT Midstream currently has an average rating of “Moderate Buy” and an average price target of $123.25.

DT Midstream Stock Up 0.4%

DTM opened at $120.92 on Tuesday. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.32 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 firm’s 50-day simple moving average is $115.75 and its 200-day simple moving average is $109.40. DT Midstream, Inc. has a twelve month low of $83.30 and a twelve month high of $122.70.

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

DT Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio (DPR) is currently 82.83%.

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.