DT Midstream, Inc. $DTM Holdings Lifted by Fractal Investments LLC

Key Points

• Fractal Investments LLC increased its holdings in DT Midstream, Inc. by 132.6% in the second quarter, acquiring an additional 131,700 shares, which makes it their 11th largest position.
• DT Midstream recently announced a quarterly dividend of $0.82 per share, with a dividend yield of 3.1%, and a dividend payout ratio of 87.94%.
• The company's stock has seen a 12-month price range between $75.56 and $114.50, currently trading at $107.27.

Fractal Investments LLC lifted its stake in shares of DT Midstream, Inc. (NYSE:DTM - Free Report) by 132.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,999 shares of the company's stock after buying an additional 131,700 shares during the quarter. DT Midstream makes up about 3.6% of Fractal Investments LLC's investment portfolio, making the stock its 11th largest holding. Fractal Investments LLC owned approximately 0.23% of DT Midstream worth $25,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in DT Midstream during the 1st quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in DT Midstream in the first quarter worth about $26,000. Twin Tree Management LP bought a new stake in DT Midstream in the first quarter valued at about $29,000. Geneos Wealth Management Inc. raised 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 valued at $42,000 after buying an additional 123 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings 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 buying an additional 135 shares during the last quarter. Institutional investors own 81.53% of the company's stock.

Insider Buying and Selling

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the firm's stock in a transaction dated 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 directly owned 5,171 shares in the company, valued at $540,214.37. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company's stock.

DT Midstream Price Performance

Shares of NYSE:DTM traded down $1.32 on Friday, reaching $106.38. 294,799 shares of the company traded hands, compared to its average volume of 963,593. The stock has a market capitalization of $10.81 billion, a PE ratio of 28.53, 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 current ratio of 0.88 and a quick ratio of 0.88. The company's 50 day moving average is $103.53 and its 200-day moving average is $101.25. DT Midstream, Inc. has a fifty-two week low of $76.13 and a fifty-two week high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share (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 business had revenue of $299.00 million for the quarter, compared to analysts' expectations of $295.70 million. During the same period in the previous year, the firm posted $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, 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 disclosed 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. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. DT Midstream's payout ratio is presently 87.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DTM shares. Morgan Stanley upped their price target on DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted their price target 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. Wells Fargo & Company boosted their price objective 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, Mizuho raised their target price 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. Six 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 data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $110.67.

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.