Acadian Asset Management LLC Acquires 29,792 Shares of DT Midstream, Inc. $DTM

Key Points

• Acadian Asset Management LLC increased its holdings in DT Midstream by 77.4% in Q1, acquiring an additional 29,792 shares to reach 68,296 shares, valued at approximately $6.58 million.
• The company recently reported an EPS of $1.04 for the last quarter, surpassing estimates, and projected FY 2025 guidance at 4.050-4.450 EPS.
• DT Midstream announced a quarterly dividend of $0.82 per share, resulting in an annualized yield of 3.1%, with a payout ratio of approximately 87.94%.

Acadian Asset Management LLC boosted its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 77.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,296 shares of the company's stock after purchasing an additional 29,792 shares during the period. Acadian Asset Management LLC owned about 0.07% of DT Midstream worth $6,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in DT Midstream by 5.9% in the first 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. Tortoise Capital Advisors L.L.C. boosted its stake in DT Midstream by 21.8% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 1,582,833 shares of the company's stock valued at $152,712,000 after acquiring an additional 282,870 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in DT Midstream by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,236,800 shares of the company's stock valued at $119,326,000 after acquiring an additional 131,138 shares during the last quarter. Northern Trust Corp boosted its stake in DT Midstream by 8.9% in the first quarter. Northern Trust Corp now owns 1,156,867 shares of the company's stock valued at $111,615,000 after acquiring an additional 94,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DT Midstream by 0.5% during the 1st 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 in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

DT Midstream Price Performance

Shares of NYSE:DTM opened at $107.27 on Friday. The company's fifty day moving average price is $103.25 and its 200-day moving average price is $100.96. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.35 and a beta of 0.77. DT Midstream, Inc. has a one year low of $75.56 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

DT Midstream (NYSE:DTM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million for 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 quarter last year, the firm earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities research analysts anticipate that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. DT Midstream's payout ratio is presently 87.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DTM. Barclays upped their price target on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Stifel Nicolaus upped their price target on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley upped their price target 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. Wells Fargo & Company upped their price target 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, Mizuho upped their price target 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. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $110.67.

Insider Buying and Selling

In related news, VP Melissa Cox sold 4,755 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following 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 legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

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.

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