Focus Partners Wealth Grows Position in DT Midstream, Inc. $DTM

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 raised its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,327 shares of the company's stock after purchasing an additional 4,588 shares during the period. Focus Partners Wealth owned 0.24% of DT Midstream worth $23,959,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DTM. CWM LLC increased its position in shares of DT Midstream by 18.9% during the first quarter. CWM LLC now owns 4,201 shares of the company's stock valued at $405,000 after buying an additional 669 shares during the period. OneDigital Investment Advisors LLC bought a new stake in DT Midstream in the 1st quarter worth approximately $274,000. Bessemer Group Inc. raised its position in DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock worth $43,000 after acquiring an additional 135 shares during the period. True Link Financial Advisors LLC bought a new stake in shares of DT Midstream during the 1st quarter valued at $238,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of DT Midstream by 10.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 144,025 shares of the company's stock valued at $13,896,000 after purchasing an additional 13,243 shares during the period. 81.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DTM has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target 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. Barclays boosted their target price on shares of DT Midstream from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Mizuho increased their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Wells Fargo & Company increased their target price on shares of DT Midstream from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of DT Midstream from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Six research 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 has an average rating of "Hold" and an average target price of $110.67.

DT Midstream Stock Up 0.9%

NYSE DTM traded up $0.93 on Wednesday, reaching $105.63. The company had a trading volume of 126,742 shares, compared to its average volume of 964,143. The firm has a market capitalization of $10.73 billion, a PE ratio of 28.32, a P/E/G ratio of 2.32 and a beta of 0.77. DT Midstream, Inc. has a 1 year low of $76.13 and a 1 year high of $114.50. The firm has a 50-day moving average of $103.32 and a 200-day moving average of $101.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.04 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 period last year, the company earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Monday, September 15th will be issued a dividend of $0.82 per share. The ex-dividend date 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 87.94%.

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 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 approximately $540,214.37. This trade represents a 47.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

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.