Catalyst Capital Advisors LLC Purchases 25,785 Shares of DT Midstream, Inc. $DTM

Key Points

• Catalyst Capital Advisors LLC increased its stake in DT Midstream, Inc. by 17.9% during the second quarter, acquiring an additional 25,785 shares to reach a total of 169,810 shares.
• DT Midstream reported $1.04 earnings per share for the last quarter, exceeding estimates by $0.06, and expects a full-year EPS of between 4.050-4.450 for FY 2025.
• The company declared a quarterly dividend of $0.82 per share, with a dividend yield of 3.1% and a payout ratio of 87.94%.

Catalyst Capital Advisors LLC boosted its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,810 shares of the company's stock after buying an additional 25,785 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.17% of DT Midstream worth $18,664,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DTM. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of DT Midstream during the first quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in DT Midstream during the 1st quarter worth about $26,000. Twin Tree Management LP bought a new position in shares of DT Midstream in the 1st quarter worth about $29,000. Trust Co. of Toledo NA OH bought a new stake in shares of DT Midstream during the 2nd quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. grew its stake in DT Midstream by 39.3% during the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock worth $42,000 after purchasing an additional 123 shares during the period. 81.53% of the stock is owned by institutional investors.

DT Midstream Price Performance

Shares of NYSE DTM opened at $105.90 on Friday. The company has a market capitalization of $10.76 billion, a PE ratio of 28.39, a PEG ratio of 2.37 and a beta of 0.78. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average price is $107.68 and its 200-day moving average price is $104.05. DT Midstream, Inc. has a twelve month low of $83.30 and a twelve month high of $115.80.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $299.00 million for the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

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

Insider Activity

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 sale, the vice president owned 5,171 shares of the company's stock, valued at approximately $540,214.37. The trade was a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DTM. Morgan Stanley boosted their target price on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Citigroup boosted their target price on DT Midstream from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Barclays boosted their price objective on DT Midstream from $103.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DT Midstream from $114.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, September 29th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $115.08.

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.

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