Financiere des Professionnels Fonds d investissement inc. Takes $351,000 Position in DT Midstream, Inc. $DTM

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 3,189 shares of DT Midstream, Inc., valued at approximately $351,000, during the second quarter.
• DT Midstream reported a quarterly earnings per share of $1.04, surpassing analysts' expectations, and it has set its FY 2025 guidance at 4.050-4.450 EPS.
• The company declared a quarterly dividend of $0.82 per share, with a payout ratio of 87.94%, to be paid on October 15th to shareholders of record on September 15th.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in DT Midstream, Inc. (NYSE:DTM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,189 shares of the company's stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTM. Mowery & Schoenfeld Wealth Management LLC purchased a new position in DT Midstream in the first quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in shares of DT Midstream in the first quarter valued at about $26,000. Twin Tree Management LP acquired a new stake in shares of DT Midstream in the first quarter valued at about $29,000. Geneos Wealth Management Inc. grew its position in shares of DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company's stock valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of DT Midstream by 44.0% in the first quarter. Bessemer Group Inc. now owns 442 shares of the company's stock valued at $43,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Performance

NYSE:DTM traded down $0.43 during trading hours on Friday, reaching $107.27. 2,410,082 shares of the company's stock were exchanged, compared to its average volume of 677,679. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 2.35 and a beta of 0.77. The company has a 50-day moving average of $103.61 and a 200 day moving average of $101.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. DT Midstream, Inc. has a 1-year low of $76.13 and a 1-year high of $114.50.

DT Midstream (NYSE:DTM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.06. The firm 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 quarter in the prior year, the business earned $0.98 EPS. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. Research analysts anticipate that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given 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 is presently 87.94%.

Analyst Upgrades and Downgrades

DTM has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of DT Midstream from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Mizuho boosted their price target on shares of DT Midstream from $105.00 to $108.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Morgan Stanley boosted their target price on shares of DT Midstream from $113.00 to $118.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their target price 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. Six equities research 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $110.67.

Insider Buying and Selling

In other DT Midstream news, VP Melissa Cox sold 4,755 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $104.47, for a total transaction of $496,754.85. Following the completion of the transaction, the vice president 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

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.