Mutual Advisors LLC Takes $257,000 Position in DT Midstream, Inc. $DTM

Mutual Advisors LLC purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,566 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DTM. Mowery & Schoenfeld Wealth Management LLC purchased a new position in DT Midstream in the first quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in DT Midstream in the first quarter valued at about $26,000. Twin Tree Management LP purchased a new position in DT Midstream in the first quarter valued at about $29,000. Trust Co. of Toledo NA OH purchased a new position in DT Midstream in the second quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. grew its stake in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Price Performance

Shares of DTM stock opened at $108.65 on Wednesday. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $115.80. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.40 and a beta of 0.78. 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 stock’s 50-day simple moving average is $107.54 and its 200-day simple moving average is $103.90.

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

DT Midstream Announces Dividend

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

Insider Activity at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction dated 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 $540,214.37. The trade was a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DTM shares. JPMorgan Chase & Co. lifted their target price on DT Midstream from $114.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. UBS Group lifted their target price on DT Midstream from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Stifel Nicolaus set a $119.00 price target on DT Midstream in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their price target on DT Midstream from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $115.08.

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.