FSA Advisors Inc. Purchases 326 Shares of DT Midstream, Inc. $DTM

FSA Advisors Inc. lifted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,062 shares of the company’s stock after buying an additional 326 shares during the quarter. FSA Advisors Inc.’s holdings in DT Midstream were worth $666,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of DT Midstream during the 1st quarter valued at approximately $25,000. Twin Tree Management LP purchased a new stake in shares of DT Midstream during the 1st quarter valued at approximately $29,000. Trust Co. of Toledo NA OH bought a new stake in shares of DT Midstream during the 2nd quarter valued at $38,000. Geneos Wealth Management Inc. raised its stake in shares of DT Midstream by 39.3% during the 1st 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 period. Finally, Bessemer Group Inc. raised its stake in shares of DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company’s stock valued at $43,000 after purchasing an additional 135 shares during the period. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DTM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, October 8th. Citigroup boosted their price objective on DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Morgan Stanley boosted their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Mizuho boosted their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Barclays boosted 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 note on Wednesday, October 8th. Seven 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.08.

DT Midstream Stock Up 0.1%

DTM opened at $106.68 on Wednesday. The stock has a market cap of $10.84 billion, a PE ratio of 28.60, a P/E/G ratio of 2.33 and a beta of 0.78. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. DT Midstream, Inc. has a 52 week low of $83.30 and a 52 week high of $115.80. The business’s fifty day simple moving average is $107.92 and its 200 day simple moving average is $104.57.

DT Midstream (NYSE:DTM) last released its earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $299.00 million for the quarter, compared to analysts’ expectations 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 earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a $0.82 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.28 annualized dividend and a yield of 3.1%. DT Midstream’s dividend payout ratio is currently 87.94%.

Insider Transactions at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the company’s 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 completion of the sale, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate 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.