350 Shares in DT Midstream, Inc. $DTM Acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH acquired a new position in DT Midstream, Inc. (NYSE:DTM) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 350 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors also recently modified their holdings of the stock. Inspire Investing LLC bought a new position in shares of DT Midstream in the second quarter worth approximately $892,000. Bernard Wealth Management Corp. increased its position in shares of DT Midstream by 3.0% in the second quarter. Bernard Wealth Management Corp. now owns 17,344 shares of the company’s stock worth $1,906,000 after purchasing an additional 510 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of DT Midstream in the second quarter worth approximately $551,000. Blue Trust Inc. grew its position in DT Midstream by 133.5% during the second quarter. Blue Trust Inc. now owns 3,612 shares of the company’s stock valued at $397,000 after acquiring an additional 2,065 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in DT Midstream during the second quarter valued at approximately $219,000. 81.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DT Midstream

In other news, VP Melissa Cox sold 4,755 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the sale, the vice president owned 5,171 shares of the company’s stock, valued at approximately $540,214.37. This represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price target on shares of DT Midstream from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Mizuho increased their price target on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. UBS Group increased their price target on shares of DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.17.

DT Midstream Stock Performance

NYSE:DTM opened at $109.91 on Tuesday. The firm has a market cap of $11.17 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.78. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $115.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average price of $106.84 and a 200-day moving average price of $103.35.

DT Midstream (NYSE:DTM) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $299.00 million during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Equities research analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream’s dividend payout ratio is 87.94%.

DT Midstream Company 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.