Empowered Funds LLC Has $5.87 Million Stock Position in DT Midstream, Inc. $DTM

Key Points

• Empowered Funds LLC reduced its stake in DT Midstream by 5.9%, selling 3,826 shares and holding 60,858 shares valued at $5.87 million at the end of the first quarter.
• DT Midstream announced a quarterly dividend of $0.82, representing an annualized yield of 3.1% and a payout ratio of 87.94%.
• The company exceeded earnings expectations with an EPS of $1.04 for the last quarter and has set FY 2025 guidance at $4.050-4.450 EPS.

Empowered Funds LLC lowered its holdings in DT Midstream, Inc. (NYSE:DTM - Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,858 shares of the company's stock after selling 3,826 shares during the period. Empowered Funds LLC owned approximately 0.06% of DT Midstream worth $5,872,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DTM. Zimmer Partners LP bought a new stake in DT Midstream in the 4th quarter valued at about $74,572,000. Vanguard Group Inc. boosted its holdings in DT Midstream by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 11,174,965 shares of the company's stock valued at $1,078,161,000 after purchasing an additional 621,183 shares during the period. Westwood Holdings Group Inc. boosted its holdings in DT Midstream by 108.8% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,084,018 shares of the company's stock valued at $107,784,000 after purchasing an additional 564,899 shares during the period. GAMMA Investing LLC boosted its holdings in DT Midstream by 9,693.3% in the 1st quarter. GAMMA Investing LLC now owns 390,262 shares of the company's stock valued at $37,652,000 after purchasing an additional 386,277 shares during the period. Finally, Jane Street Group LLC boosted its holdings in DT Midstream by 1,699.5% in the 1st quarter. Jane Street Group LLC now owns 401,170 shares of the company's stock valued at $38,705,000 after purchasing an additional 378,877 shares during the period. Institutional investors own 81.53% of the company's stock.

DT Midstream Price Performance

DTM stock traded down $0.07 during trading on Friday, reaching $107.27. 474,326 shares of the company were exchanged, compared to its average volume of 648,950. The company has a 50-day moving average of $103.25 and a two-hundred day moving average of $100.96. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.35 and a beta of 0.77. DT Midstream, Inc. has a twelve month low of $75.56 and a twelve month high of $114.50. 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 released its quarterly earnings data 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. The business had revenue of $299.00 million during the quarter, compared to analysts' expectations of $295.70 million. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. During the same period in the prior year, the company earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, equities analysts predict that DT Midstream, Inc. will post 3.8 earnings per share for the current fiscal year.

DT Midstream Dividend Announcement

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

Insider Transactions at DT Midstream

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the company's 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 completion of the transaction, the vice president directly owned 5,171 shares in the company, valued at approximately $540,214.37. This represents a 47.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. 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 report on Friday, August 1st. Morgan Stanley upped their price target on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Stifel Nicolaus upped their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Mizuho upped 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. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $110.67.

About DT Midstream

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.