2,116 Shares in DT Midstream, Inc. $DTM Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc acquired a new stake in shares of DT Midstream, Inc. (NYSE:DTM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,116 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DTM. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of DT Midstream in the first quarter worth $25,000. Twin Tree Management LP purchased a new stake in DT Midstream in the 1st quarter worth $29,000. Trust Co. of Toledo NA OH bought a new position in shares of DT Midstream during the 2nd quarter valued at about $38,000. Geneos Wealth Management Inc. boosted its holdings 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 last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of DT Midstream during the first quarter valued at about $81,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Stock Performance

NYSE DTM opened at $115.92 on Monday. The business’s 50 day moving average price is $110.21 and its 200-day moving average price is $106.07. DT Midstream, Inc. has a fifty-two week low of $83.30 and a fifty-two week high of $116.49. The company has a market cap of $11.79 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.26 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.The company had revenue of $314.00 million during the quarter, compared to the consensus estimate of $309.21 million. During the same period last year, the company earned $0.90 earnings per share. DT Midstream has set its FY 2025 guidance at 4.150-4.450 EPS. Sell-side analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current year.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 15th. DT Midstream’s dividend payout ratio is presently 82.83%.

Analysts Set New Price Targets

A number of research firms recently commented on DTM. Morgan Stanley boosted their target price on DT Midstream from $126.00 to $137.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. upped their price objective on DT Midstream from $114.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Jefferies Financial Group assumed coverage on DT Midstream in a research report on Monday, November 3rd. They set a “buy” rating and a $125.00 target price for the company. Mizuho boosted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Citigroup increased their price objective on shares of DT Midstream from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.46.

DT Midstream 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.