CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts DTM Stake by $5.1M

Cushing Asset Management has reduced its stake in DT Midstream, Inc. (DTM) by 43,000 shares in a filing on October 26, 2026. This brings its total holdings to 687,100 shares valued at approximately $82.1 million.

DTM DT Midstream, Inc.

$126.90 ▲ +6.96% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Cushing Asset Management's Position

Cushing Asset Management trimmed its position in DT Midstream by 43,000 shares, a 5.9% decrease from its previous total of 730,100 shares. The reported value of this position is about $82.1 million within the fund's overall portfolio of $1.42 billion.

Where DT Midstream Fits in Cushing Asset Management's Portfolio

DT Midstream now represents 5.79% of Cushing Asset Management's total reported portfolio, ranking fifth among the fund's 73 holdings.

Other Institutional Activity in DTM

Deutsche Bank AG decreased its holdings by 22,007 shares, bringing its total to 3,034,454 shares valued at about $385.1 million. Neuberger Berman Group, LLC added 52,578 shares, increasing its stake to 2,989,882 shares worth approximately $379.4 million. Tortoise Capital Advisors, LLC reduced its position by 31,579 shares, ending with 2,975,967 shares valued at around $377.7 million.

DT Midstream, Inc. Stock Up 2.4%

As of October 27, 2026, DT Midstream shares were recently trading around $126.90. This price is below the company's 200-day moving average of $134.71 and 17% below its 52-week high of $152.88. The stock is above its 52-week low of $105.24, suggesting some stability despite recent fluctuations.

Recent Earnings

DT Midstream reported trailing twelve-month revenue of approximately $1.31 billion, with a net margin of 35.7%. The next earnings report is scheduled for October 29, 2026.

Dividend

DT Midstream pays an annual dividend rate of $3.52 per share, yielding about 2.77%. The dividend payout ratio stands at 74.4%, indicating a significant return to shareholders.

Insider Buying and Selling at DT Midstream, Inc.

Insider activity includes Director Peter I. Tumminello selling 2,002 shares at an average price of $135.79 on February 26, 2026. Chief Financial Officer Jeffrey A. Jewell purchased 150 shares at $147.73 on May 15, 2026, and another 145 shares at $133.78 on August 5, 2026. Director Elaine M. Pickle bought 1,500 shares at $132.61 on August 7, 2026.

Analysts Set New Price Targets

On September 10, 2026, Scotiabank maintained a "Sector Outperform" rating on DT Midstream with a price target of $168. On the same day, Morgan Stanley upgraded its rating to "Overweight" with a target of $170. Jefferies also maintained a "Buy" rating with a target of $145 on September 16, 2026. The consensus among analysts suggests a mean price target of $150.40, indicating potential upside from the current trading price.

About DT Midstream, Inc.

DT Midstream, Inc. provides integrated natural gas services in the U.S. It operates pipelines and storage systems, facilitating the transportation and storage of natural gas for various customers. This recent trimming of shares shows Cushing Asset Management's ongoing strategy in managing its investment in the energy sector.

Bottom Line

Investors should keep an eye on DT Midstream's upcoming earnings report on October 29, 2026, for further insights into the company's performance. Cushing Asset Management's recent adjustments reflect its ongoing evaluation of positions within its portfolio.