Drucker Wealth 3.0 LLC Acquires New Shares in DT Midstream, Inc. $DTM

Drucker Wealth 3.0 LLC acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,401 shares of the company’s stock, valued at approximately $551,000.

Several other institutional investors also recently modified their holdings of DTM. Ballentine Partners LLC boosted its position in DT Midstream by 4.2% in the second quarter. Ballentine Partners LLC now owns 2,604 shares of the company’s stock worth $286,000 after purchasing an additional 106 shares during the last quarter. Independent Advisor Alliance boosted its position in DT Midstream by 2.5% in the first quarter. Independent Advisor Alliance now owns 4,713 shares of the company’s stock worth $455,000 after purchasing an additional 117 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after purchasing an additional 123 shares during the last quarter. Bessemer Group Inc. boosted its position in DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the last quarter. Finally, Applied Finance Capital Management LLC boosted its position in DT Midstream by 6.5% in the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company’s stock worth $233,000 after purchasing an additional 147 shares during the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

DT Midstream Stock Down 1.3%

Shares of DTM opened at $109.66 on Friday. The business’s 50 day moving average is $106.76 and its 200 day moving average is $103.21. The company has a market capitalization of $11.14 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.39 and a beta of 0.78. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $115.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

DT Midstream (NYSE:DTM) last issued its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $295.70 million. DT Midstream had a return on equity of 8.48% and a net margin of 33.90%.During the same quarter last year, the company earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Research analysts expect that DT Midstream, Inc. will post 3.8 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 Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. DT Midstream’s payout ratio is presently 87.94%.

Insider Transactions at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $104.47, for a total value of $496,754.85. Following the sale, the vice president owned 5,171 shares of the company’s stock, valued at $540,214.37. The trade was a 47.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DTM has been the topic of several research reports. Wells Fargo & Company raised their target price on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley lifted their price objective on DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Citigroup lifted their price objective on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group lifted their price objective on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Stifel Nicolaus lifted their price objective on DT Midstream from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $114.17.

About DT Midstream

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.