Intech Investment Management LLC Increases Stake in DT Midstream, Inc. $DTM

Key Points

• Intech Investment Management LLC significantly increased its stake in DT Midstream, acquiring an additional 62,058 shares, marking a total ownership of approximately 0.07% valued at $6.96 million.
• DT Midstream, Inc. recently reported earnings of $1.04 per share for the last quarter, exceeding analyst estimates and setting FY 2025 EPS guidance between $4.050 and $4.450.
• The company declared a $0.82 per share quarterly dividend, with a yield of 3.1%, and a payout ratio of 87.94%, indicating strong shareholder return policy.

Intech Investment Management LLC grew its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 617.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,102 shares of the company's stock after purchasing an additional 62,058 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of DT Midstream worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Focus Partners Wealth boosted its position in shares of DT Midstream by 1.9% in the first quarter. Focus Partners Wealth now owns 248,327 shares of the company's stock worth $23,959,000 after purchasing an additional 4,588 shares during the period. Jane Street Group LLC boosted its position in shares of DT Midstream by 1,699.5% during the first quarter. Jane Street Group LLC now owns 401,170 shares of the company's stock worth $38,705,000 after acquiring an additional 378,877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DT Midstream by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company's stock worth $26,652,000 after acquiring an additional 31,894 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of DT Midstream by 7.0% during the first quarter. Yaupon Capital Management LP now owns 216,497 shares of the company's stock worth $20,888,000 after acquiring an additional 14,121 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of DT Midstream during the first quarter worth $618,000. 81.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DT Midstream

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

Analyst Upgrades and Downgrades

DTM has been the subject of a number of research reports. Mizuho upped their target price 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. Barclays upped 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. Morgan Stanley upped their target price on shares of DT Midstream from $113.00 to $118.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus upped their target price 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. Finally, Wells Fargo & Company upped their target price on shares of DT Midstream from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report 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.com, DT Midstream presently has an average rating of "Hold" and a consensus price target of $110.67.

DT Midstream Price Performance

DTM stock traded down $0.07 during trading on Friday, hitting $107.27. 474,326 shares of the company's stock traded hands, compared to its average volume of 648,950. DT Midstream, Inc. has a 52 week low of $75.56 and a 52 week high of $114.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The business has a fifty day simple moving average of $103.25 and a 200 day simple moving average of $101.02. The stock 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.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. DT Midstream had a net margin of 33.90% and a return on equity of 8.48%. The business had revenue of $299.00 million during the quarter, compared to analyst estimates of $295.70 million. During the same quarter last year, the business earned $0.98 earnings per share. DT Midstream has set its FY 2025 guidance at 4.050-4.450 EPS. As a group, research analysts expect that DT Midstream, Inc. will post 3.8 EPS for the current fiscal year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. DT Midstream's dividend payout ratio is currently 87.94%.

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.