Drucker Wealth 3.0 LLC Takes $551,000 Position in DT Midstream, Inc. $DTM

Key Points

• Drucker Wealth 3.0 LLC has invested approximately $551,000 in DT Midstream, purchasing 5,401 shares during the second quarter.
• The company recently announced a quarterly dividend of $0.82 per share, equating to an annualized dividend of $3.28 and a dividend yield of 3.0%.
• Analysts have raised their price targets for DT Midstream, with Wells Fargo increasing the target from $108.00 to $117.00 and UBS raising it from $115.00 to $128.00.

Drucker Wealth 3.0 LLC purchased a new stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,401 shares of the company's stock, valued at approximately $551,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of DT Midstream by 5.9% during the first quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company's stock worth $1,078,161,000 after purchasing an additional 621,183 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of DT Midstream by 1,699.5% during the first quarter. Jane Street Group LLC now owns 401,170 shares of the company's stock valued at $38,705,000 after acquiring an additional 378,877 shares in the last quarter. Nuveen LLC bought a new position in shares of DT Midstream during the first quarter valued at approximately $33,529,000. HITE Hedge Asset Management LLC bought a new position in shares of DT Midstream during the first quarter valued at approximately $31,139,000. Finally, AQR Capital Management LLC raised its holdings in shares of DT Midstream by 59.9% during the first quarter. AQR Capital Management LLC now owns 804,745 shares of the company's stock valued at $77,247,000 after acquiring an additional 301,355 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

DT Midstream Trading Down 1.3%

NYSE DTM opened at $109.66 on Friday. DT Midstream, Inc. has a 12 month low of $83.30 and a 12 month high of $115.80. The stock has a market cap of $11.14 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.39 and a beta of 0.78. The stock's fifty day moving average price is $106.76 and its 200-day moving average price is $103.21. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

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, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $295.70 million. During the same period in the prior year, the firm posted $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities analysts forecast that DT Midstream, Inc. will post 3.8 EPS 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 $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. DT Midstream's dividend payout ratio is currently 87.94%.

Insider Activity at DT Midstream

In related news, VP Melissa Cox sold 4,755 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $104.47, for a total transaction of $496,754.85. Following the sale, the vice president directly owned 5,171 shares of the company's stock, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DTM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group upped their target price on DT Midstream from $115.00 to $128.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Mizuho increased their price objective on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Stifel Nicolaus increased their price objective on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Barclays increased their price objective on DT Midstream from $103.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday. Seven investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $114.17.

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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