DT Midstream, Inc. $DTM Shares Bought by Acadian Asset Management LLC

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 increased its stake in DT Midstream, Inc. (NYSE:DTM - Free Report) by 77.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,296 shares of the company's stock after purchasing an additional 29,792 shares during the quarter. Acadian Asset Management LLC owned approximately 0.07% of DT Midstream worth $6,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DTM. Vanguard Group Inc. raised its holdings in DT Midstream by 5.9% during 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 period. Tortoise Capital Advisors L.L.C. grew its position 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 worth $152,712,000 after acquiring an additional 282,870 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 worth $119,326,000 after acquiring an additional 131,138 shares in the last quarter. Northern Trust Corp boosted its position in shares of DT Midstream by 8.9% during the first quarter. Northern Trust Corp now owns 1,156,867 shares of the company's stock valued at $111,615,000 after buying an additional 94,470 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of DT Midstream by 0.5% during 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. 81.53% of the stock is owned by institutional investors.

Insider Buying and Selling at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the company'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 completion of the transaction, the vice president owned 5,171 shares in the company, valued at $540,214.37. This represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

DT Midstream Price Performance

Shares of DT Midstream stock traded up $0.31 on Thursday, hitting $107.73. The company's stock had a trading volume of 883,882 shares, compared to its average volume of 659,294. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. DT Midstream, Inc. has a 1 year low of $76.13 and a 1 year high of $114.50. The firm has a fifty day moving average price of $103.53 and a 200-day moving average price of $101.25. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $295.70 million. During the same quarter in the previous year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. DT Midstream's dividend payout ratio is 87.94%.

Analysts Set New Price Targets

DTM has been the subject of several recent analyst reports. Mizuho boosted their target price on DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus upped their price target on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company upped their price target on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $110.67.

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.