DT Midstream, Inc. $DTM Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in DT Midstream by 1.9%, owning approximately 248,327 shares valued at $23.96 million as of the latest SEC filing.
• DT Midstream's quarterly earnings report showed an EPS of $1.04, surpassing analysts' expectations of $0.98, and the company has set its FY 2025 guidance between $4.050-4.450.
• A dividend of $0.82 per share has been announced, with a yield of 3.1%, payable to shareholders on October 15th, following a record date of September 15th.

Focus Partners Wealth grew its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,327 shares of the company's stock after purchasing an additional 4,588 shares during the period. Focus Partners Wealth owned approximately 0.24% of DT Midstream worth $23,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of DTM. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of DT Midstream in the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in shares of DT Midstream in the 1st quarter valued at $26,000. Twin Tree Management LP acquired a new position in shares of DT Midstream in the 1st quarter valued at $29,000. Bessemer Group Inc. lifted its stake in DT Midstream by 44.0% during the 1st quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after acquiring an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in DT Midstream by 130.2% during the 1st quarter. Versant Capital Management Inc now owns 488 shares of the company's stock worth $47,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company's stock.

Insider Transactions at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the stock in a transaction dated Monday, August 11th. The stock was 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 $540,214.37. This trade 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 this link. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DTM has been the topic of several research reports. Mizuho increased their target price on DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Stifel Nicolaus increased their target price on DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Barclays increased their target price on DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company increased their target price on DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Morgan Stanley increased their target price on DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.67.

DT Midstream Price Performance

DTM stock opened at $107.20 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $10.89 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.34 and a beta of 0.77. The business's 50-day moving average is $103.23 and its two-hundred day moving average is $100.84. DT Midstream, Inc. has a 1 year low of $74.46 and a 1 year high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 8.48% and a net margin of 33.90%.During the same quarter last year, the company earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. 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. Shareholders of record on Monday, September 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. DT Midstream's dividend payout ratio (DPR) is currently 87.94%.

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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