4,157 Shares in DT Midstream, Inc. $DTM Purchased by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. purchased a new stake of 4,157 shares of DT Midstream, Inc. valued at approximately $401,000 during the first quarter, indicating significant interest from hedge funds in the company.
• DT Midstream's current analyst ratings show a consensus of “Hold” with an average target price of $110.67, highlighting mixed views among analysts.
• The company announced a quarterly dividend of $0.82 per share, reflecting a yield of 3.1% and demonstrating its ongoing commitment to returning value to shareholders.

Aristeia Capital L.L.C. purchased a new position in DT Midstream, Inc. (NYSE:DTM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,157 shares of the company's stock, valued at approximately $401,000.

Several other hedge funds have also recently modified their holdings of DTM. CWM LLC raised its stake in shares of DT Midstream by 18.9% during the 1st quarter. CWM LLC now owns 4,201 shares of the company's stock worth $405,000 after acquiring an additional 669 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in DT Midstream during the 1st quarter valued at approximately $274,000. Bessemer Group Inc. boosted its holdings in shares of DT Midstream by 44.0% in the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after acquiring an additional 135 shares during the last quarter. True Link Financial Advisors LLC purchased a new stake in shares of DT Midstream in the 1st quarter valued at $238,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of DT Midstream by 10.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock valued at $13,896,000 after acquiring an additional 13,243 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Down 0.1%

Shares of NYSE:DTM traded down $0.07 during trading on Friday, hitting $107.27. The company's stock had a trading volume of 474,326 shares, compared to its average volume of 650,006. The business has a 50 day moving average price of $103.25 and a two-hundred day moving average price of $100.92. The company has a market capitalization of $10.90 billion, a PE ratio of 28.76, a P/E/G ratio of 2.35 and a beta of 0.77. 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 fifty-two week low of $75.56 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $299.00 million for the quarter, compared to the consensus estimate 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 business earned $0.98 EPS. 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 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a yield of 3.1%. DT Midstream's dividend payout ratio (DPR) is 87.94%.

Analyst Ratings Changes

Several research firms have recently commented on DTM. Mizuho upped their price objective on shares of DT Midstream from $105.00 to $108.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Stifel Nicolaus increased their price objective on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, August 1st. Barclays increased their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Morgan Stanley increased their price objective on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Six 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, the stock presently has an average rating of "Hold" and a consensus price target of $110.67.

Insider Transactions at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of DT Midstream stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $104.47, for a total value 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. The trade was a 47.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

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.