6,243 Shares in DT Midstream, Inc. $DTM Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC acquired a new position in DT Midstream, Inc. (NYSE:DTM) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 6,243 shares of the company’s stock, valued at approximately $686,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in DT Midstream by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company’s stock valued at $1,078,161,000 after acquiring an additional 621,183 shares during the last quarter. Jane Street Group LLC boosted its position in shares of DT Midstream by 1,699.5% during the 1st quarter. Jane Street Group LLC now owns 401,170 shares of the company’s stock valued at $38,705,000 after purchasing an additional 378,877 shares in the last quarter. Nuveen LLC bought a new position in shares of DT Midstream during the 1st quarter valued at about $33,529,000. HITE Hedge Asset Management LLC bought a new position in shares of DT Midstream during the 1st quarter valued at about $31,139,000. Finally, AQR Capital Management LLC boosted its position in shares of DT Midstream by 59.9% during the 1st quarter. AQR Capital Management LLC now owns 804,745 shares of the company’s stock valued at $77,247,000 after purchasing an additional 301,355 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Price Performance

DTM stock opened at $109.64 on Friday. 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, Inc. has a one year low of $83.30 and a one year high of $115.80. The firm has a market capitalization of $11.14 billion, a PE ratio of 29.39, a P/E/G ratio of 2.44 and a beta of 0.78. The firm has a 50-day moving average of $107.24 and a two-hundred day moving average of $103.54.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $299.00 million during the quarter, compared to analyst estimates of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same period in the prior year, the firm earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, analysts forecast that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

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

Analyst Ratings Changes

DTM has been the subject of several research reports. Morgan Stanley raised their price objective 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. Barclays raised 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 report on Wednesday, October 8th. Stifel Nicolaus set a $119.00 price objective on shares of DT Midstream in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of DT Midstream from $114.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.08.

Insider Activity

In other news, VP Melissa Cox sold 4,755 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total value of $496,754.85. Following the completion of the sale, the vice president directly owned 5,171 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

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.