Metis Global Partners LLC Acquires 631 Shares of DT Midstream, Inc. $DTM

Metis Global Partners LLC lifted its holdings in shares of DT Midstream, Inc. (NYSE:DTM) by 10.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,637 shares of the company’s stock after acquiring an additional 631 shares during the period. Metis Global Partners LLC’s holdings in DT Midstream were worth $729,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. CWM LLC lifted its stake in shares of DT Midstream by 18.9% in the 1st quarter. CWM LLC now owns 4,201 shares of the company’s stock valued at $405,000 after purchasing an additional 669 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in DT Midstream by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,148,324 shares of the company’s stock valued at $110,790,000 after buying an additional 5,218 shares during the period. Fractal Investments LLC boosted its holdings in DT Midstream by 132.6% during the second quarter. Fractal Investments LLC now owns 230,999 shares of the company’s stock worth $25,389,000 after buying an additional 131,700 shares during the last quarter. Clean Energy Transition LLP acquired a new position in shares of DT Midstream during the 1st quarter worth about $16,966,000. Finally, Element Capital Management LLC acquired a new position in shares of DT Midstream during the 1st quarter worth about $2,679,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DTM shares. UBS Group lifted their price objective on shares of DT Midstream from $115.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Mizuho increased their target price on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Jefferies Financial Group began coverage on shares of DT Midstream in a report on Monday, November 3rd. They issued a “buy” rating and a $125.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their target price on DT Midstream from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, DT Midstream currently has a consensus rating of “Hold” and an average price target of $116.00.

DT Midstream Stock Down 0.4%

Shares of DTM stock opened at $114.36 on Wednesday. DT Midstream, Inc. has a 12-month low of $83.30 and a 12-month high of $115.80. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $109.62 and a 200-day moving average of $105.72. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.47 and a beta of 0.77.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, October 30th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $309.16 million during the quarter, compared to analyst estimates of $309.21 million. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. During the same period in the prior year, the business earned $0.90 EPS. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. As a group, equities research analysts predict 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 Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. DT Midstream’s dividend payout ratio is currently 82.83%.

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.