Bank of New York Mellon Corp Has $120.17 Million Stock Holdings in DT Midstream, Inc. $DTM

Bank of New York Mellon Corp grew its holdings in DT Midstream, Inc. (NYSE:DTM) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 892,353 shares of the company’s stock after acquiring an additional 3,689 shares during the period. Bank of New York Mellon Corp owned 0.87% of DT Midstream worth $120,173,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DTM. Sanctuary Advisors LLC raised its holdings in DT Midstream by 0.4% in the 1st quarter. Sanctuary Advisors LLC now owns 32,851 shares of the company’s stock worth $4,424,000 after acquiring an additional 122 shares during the period. Checchi Capital Advisers LLC bought a new position in shares of DT Midstream in the first quarter worth about $235,000. State of Michigan Retirement System increased its stake in shares of DT Midstream by 1.7% in the first quarter. State of Michigan Retirement System now owns 24,455 shares of the company’s stock worth $3,293,000 after purchasing an additional 400 shares during the period. Procyon Advisors LLC increased its stake in shares of DT Midstream by 9.6% in the first quarter. Procyon Advisors LLC now owns 3,905 shares of the company’s stock worth $526,000 after purchasing an additional 342 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in shares of DT Midstream during the 1st quarter worth about $67,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM stock opened at $144.82 on Monday. DT Midstream, Inc. has a 1 year low of $98.06 and a 1 year high of $152.88. The firm’s 50 day moving average is $145.19 and its 200-day moving average is $136.41. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.15 and a beta of 0.71. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. The business had revenue of $336.00 million during the quarter, compared to analyst estimates of $313.65 million. During the same quarter last year, the business posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream, Inc. will post 4.77 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $0.88 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.52 annualized dividend and a yield of 2.4%. DT Midstream’s dividend payout ratio (DPR) is currently 77.88%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DTM shares. JPMorgan Chase & Co. raised their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. UBS Group upped their price objective on shares of DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group increased their target price on shares of DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their price target on DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Scotiabank started coverage on DT Midstream in a research note on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.69.

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.